Britain plans new Bank of England objective for stablecoins

Financial stability would remain its primary duty, with annual reports to Parliament on the new objective being planned.

Britain plans to give the Bank of England a secondary objective supporting innovation in stablecoins, digital money and payments.
Financial stability would remain its primary duty, with annual reports to Parliament on the new objective being planned.
The move comes as Britain prepares stablecoin rules, including a temporary £40 billion cap for each systemic token.

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As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.

Why it matters :

As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.

Original sourceCoinDesk

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