Bank of England to Proceed with Systemic Stablecoin Regime, According to Consultation Response

The Bank of England (BoE) has confirmed its plans to establish a regulatory framework for systemic stablecoins, according to a consultation response released on Monday. The proposed regime would be jointly supervised by the BoE and the Financial Conduct Authority (FCA), a move that was welcomed by respondents. The UK government also supported extending the accountability framework to systemic stablecoins.

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