Bank of England Assigned New Duty to Foster Stablecoin Innovation
The UK is expanding the Bank of England's mandate to include a focus on stablecoin innovation while ensuring financial stability remains its primary goal. This new legal duty will be part of a bill presented to the Lords in September.
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Bank of England set for new innovation mandate covering stablecoins
The UK plans to expand the Bank of England’s remit to support digital payments innovation, including stablecoins, while keeping financial stability first.
Bank of England Handed New Legal Duty to Foster Stablecoin Innovation
Financial stability stays the Bank's primary objective, with the new duty written into a bill due before the Lords in September.
Bank of England gets new stablecoin innovation goal
Britain plans to give the Bank of England a secondary stablecoin innovation objective while keeping financial stability its primary duty.

