The Bank of England has announced that a comprehensive regulatory framework will be developed by 2026 to formalize the use and oversight of stablecoins. This move indicates that the UK is keeping a close eye on balancing innovation and risks in digital finance. 💡📊
🔹 New regulatory framework
This plan is being advanced in close collaboration with the Bank of England, the Financial Conduct Authority (FCA), and HM Treasury.
Governor Andrew Bailey stated that this step is essential for future financial stability.
📌 Standards are being set specifically for systemic stablecoins to ensure consumer protection.
💰 Market response
Large financial institutions like JP Morgan expect this will increase compliance costs.
On the other hand, crypto companies like Circle are calling it a clear and positive direction — as regulatory clarity boosts confidence in the market.
📈 A slight growth has been observed in stablecoins linked to the British pound, indicating increasing interest in this sector.
🌍 Global perspective
This strategy bears a significant resemblance to the EU's MiCA framework, which has stabilized the stablecoin market in Europe.
Experts believe that clear regulations will accelerate the adoption of digital currencies globally.
🔮 Conclusion:
This new framework will not only affect the UK but also global stablecoin policies and market trends.
#Stablecoin #BankOfEngland #Crypto #BreakingCryptoNews #DigitalFinance $ 🇬🇧💹
