Bank of England softens stablecoin rules in final framework
FILE PHOTO: Foliage grows outside the Bank of England building in London, Britain, May 19, 2026. REUTERS/Corey Rudy/File Photo
Read a summary of this article on FAST.
Get bite-sized news via a new
cards interface. Give it a try.
Click here to return to FAST
Tap here to return to FAST
FAST
LONDON, June 22 : The Bank of England published its final policy and draft rules for stablecoins on Monday, easing some proposals set out for industry consultation last year.
The BoE scrapped plans to cap individual holdings, opting instead to limit total issuance per stablecoin, initially set at £40 billion ($52.84 billion).
The central bank also slightly relaxed its proposals on backing assets and said it plans to finalise the rules by the end of the year.
($1 = 0.7569 pounds)
Source: Reuters
Sign up for our newsletters
Get the CNA app
Stay updated with notifications for breaking news and our best stories
Get WhatsApp alerts
Join our channel for the top reads for the day on your preferred chat app
Get bite-sized news via a new
cards interface. Give it a try.
Click here to return to FAST
Tap here to return to FAST
FAST
About The Author
