The Bank of England has released a draft regulatory framework for systemically important stablecoin issuers, including a code of conduct. Key adjustments include increasing the maximum proportion of interest-bearing assets in stablecoin reserves to 70% and setting an initial issuance cap of £40 billion per stablecoin. The framework is open for public comment until September 22, 2026, with final rules expected by the end of 2026, potentially allowing compliant stablecoin operations in the UK starting in 2027. AI
RANK_REASON New regulatory framework proposed by a major central bank for a significant financial technology. [lever_c_demoted from significant: ic=1 ai=0.1]
AI-generated summary · Google Gemini · from 1 sources. How we write summaries →
