UK Sets 2026 Deadline for Stablecoin Oversight Under BoE Framework
The Bank of England has unveiled a regulatory framework aimed at bringing stablecoins under stringent oversight by 2026. The proposal mandates issuers to hold 40% of liabilities as non-interest-bearing deposits with the BoE and 60% in UK sovereign bonds, ensuring liquidity and stability.
Public consultation on the draft rules remains open until February 2026, marking a pivotal step in Britain's push to integrate digital assets into its financial system. The BoE warns that unregulated stablecoins could pose systemic risks, emphasizing the need for robust safeguards.
The framework targets 'systemic stablecoins'—those widely used in payments—to prevent contagion risks. This move signals the UK's accelerating embrace of digital money, with the BoE positioning itself as a global leader in crypto regulation.
