The six-month central bank pilot brings together market infrastructure providers, banks and Web3 companies to assess how core UK markets could move onchain.
Bank of England News
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The parliamentary inquiry comes as regulators warn that stablecoins could drain bank deposits and reshape payments.
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Some crypto industry observers believe that the Bank of England’s new proposed regulations for stablecoins are unnecessarily restrictive.
2933 - News
Breeden said loosening UK stablecoin rules could fuel risky bank outflows, urging stronger safeguards as the Bank of England finalizes its crypto framework.
3223 - News
ClearToken won FCA approval for a regulated crypto settlement system, signaling the UK’s push to bring digital assets under its financial framework.
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The Bank of England invites feedback on its proposed stablecoin framework, with the aim of finalizing the rules in the second half of 2026.
4189 - News
The UK’s top bank says it will roll out stablecoin rules “just as quickly as the US” amid concerns that it's lagging behind global allies.
3496 - News
The Bank of England is worried that a rise in financiers’ lending to data center lending may cause an AI bubble reminiscent of the dot-com crash in the early 2000s.
7047 - News
The Bank of England is launching a consultation on new stablecoin rules that mirror the US approach to fiat-pegged crypto assets.
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Industry groups criticized the proposed stablecoin limits, arguing that they would stifle innovation and signal to the industry that the UK isn’t crypto-friendly.
5087 - News
The Bank of England may relax proposed caps on corporate stablecoin holdings after industry backlash, as the UK races to stay competitive in the $314 billion market.
4268 - News
Bank of England Governor Andrew Bailey said stablecoins could thrive in a system that separates money from credit, reducing the UK’s reliance on commercial banks.
15461 - News
UK crypto and payments groups urged the Bank of England to drop plans to cap individual stablecoin holdings, claiming the move would be costly and hard to enforce.
8921 - News
The UK central bank is considering abandoning its digital pound plans as its Governor Andrew Bailey favors private payment innovations over a state-backed CBDC.
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Bank of England governor Andrew Bailey joins a growing list of European officials concerned with the rise of stablecoins.
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