BANK OF ENGLAND ENACTS MAJOR CRYPTO REGS $1
The Bank of England is finalizing a regulatory framework for systemic stablecoins by the end of 2026. This initiative aims to modernize payments, making transactions faster and cheaper. They are also clarifying regulations for tokenized collateral and launching a digital securities sandbox. This is a massive opportunity to build a truly comprehensive digital finance market in the UK. Stablecoins will offer valuable options for individuals and businesses. Systemically important stablecoins must meet the same standards as existing currency. Limits are proposed: £10,000-£20,000 for individuals, £10 million for corporations. Expect further policy updates later this year.
Disclaimer: This is not financial advice.
