Bank of England plans to implement stablecoin regulations by the end of 2026

According to Foresight News, according to Bloomberg, the Bank of England will launch a consultation on stablecoin supervision on November 10, with the goal of establishing a complete regulatory framework by the end of 2026. The new rules will be closely aligned with U.S. rules and focus on bonds supporting digital assets. The move is intended to address the financial stability risks posed by the proliferation of digital currencies. The United States stipulates that the supporting assets must be government debt with a maturity of three months or less, or bonds with a remaining maturity of three months or less. The Bank of England also plans to allow a large number of assets backing stablecoins to earn interest to attract issuers, the source added.
Disclaimer: The views in this article only represent the author's personal views and do not constitute investment advice from this platform. This platform does not make any guarantees about the accuracy, completeness, originality and timeliness of the information in the article, nor is it responsible for any losses caused by the use or reliance of the information in the article.