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1h agoBank of England proposes new regime for sterling‑denominated stablecoins with backing cap at 60%
The Bank of England unveiled draft rules for stable‑coin issuers in the UK, allowing them to invest up to 60% of backing assets in short‑term UK government debt. Previously the regulator had proposed 100% non‑interest‑bearing reserves. The control remains on individual holdings (capped at £20,000 for retail) under the proposed regime, set for wider consultation. The move softens the stance compared to earlier drafts and signals a push to balance innovation and financial‑stability risk amid growing crypto‑payments interest in the UK.
Reuters• By Harsh Ranjan
Explore:Mutual Fund AI Screening
neutral
1h agoBank of England proposes new regime for sterling‑denominated stablecoins with backing cap at 60%
The Bank of England unveiled draft rules for stable‑coin issuers in the UK, allowing them to invest up to 60% of backing assets in short‑term UK government debt. Previously the regulator had proposed 100% non‑interest‑bearing reserves. The control remains on individual holdings (capped at £20,000 for retail) under the proposed regime, set for wider consultation. The move softens the stance compared to earlier drafts and signals a push to balance innovation and financial‑stability risk amid growing crypto‑payments interest in the UK.
Reuters• By Harsh Ranjan
Explore:Mutual Fund AI Screening
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Bank of England proposes new regime for sterling‑denominated stablecoins with backing cap at 60%
about 1 hour ago
1 min read
81 words
UK’s Bank of England proposes stable‑coin regulation allowing 60% government‑debt backing, reflecting softer stance.
The Bank of England unveiled draft rules for stable‑coin issuers in the UK, allowing them to invest up to 60% of backing assets in short‑term UK government debt. Previously the regulator had proposed 100% non‑interest‑bearing reserves. The control remains on individual holdings (capped at £20,000 for retail) under the proposed regime, set for wider consultation. The move softens the stance compared to earlier drafts and signals a push to balance innovation and financial‑stability risk amid growing crypto‑payments interest in the UK.
The Bank of England unveiled draft rules for stable‑coin issuers in the UK, allowing them to invest up to 60% of backing assets in short‑term UK government debt. Previously the regulator had proposed 100% non‑interest‑bearing reserves. The control remains on individual holdings (capped at £20,000 for retail) under the proposed regime, set for wider consultation. The move softens the stance compared to earlier drafts and signals a push to balance innovation and financial‑stability risk amid growing crypto‑payments interest in the UK.
Tags:
crypto
stablecoins
crypto
stablecoins
UK
regulation
financial‑stability
Nov 11, 2025 • 22:09 IST