2027 start for the UK stablecoin regime: what the Bank of England mandate means
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2027 start for the UK stablecoin regime: what the Bank of England mandate means
In brief: The British government plans a secondary innovation objective for the Bank of England covering payment systems and new digital forms of money. Financial stability remains the primary aim; the plan is not a licence already granted, nor an authorisation of individual stablecoin providers....
In short, the British government is planning a subordinated innovation target for the Bank of England in payment systems and new digital forms of money. Financial stability remains a priority; the project is not an already granted license and no approval of individual stablecoin providers. The actual market impact includes existing FCA rules, the treatment of system-relevant providers and the planned entry into force of the broader regime in 202…
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