UK government plans new Bank of England mandate supporting stablecoin and digital money innovation
The UK government, via HM Treasury, announced plans to give the Bank of England a new secondary mandate to support payments innovation and digital money, including stablecoins, while maintaining financial stability as its primary role. The proposal would also require the Bank of England to report annually to Parliament on the stablecoin objective.
Detected & updated continuously · Source: Nebula
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@BSCNews
UK to give Bank of England a new objective on digital currency innovation The UK Treasury (@hmtreasury) said on Wednesday that it will hand the Bank of England a new responsibility to bolster innovation in digital currencies and payments, ranking secondary to the central bank's https://t.co/OCfRPGnya9
@MSBIntel
BREAKING: UK Treasury grants Bank of England new secondary objective supporting payments innovation while maintaining financial stability.
@Cointelegraph
🇬🇧 NEW: The British government plans to give the Bank of England a new mandate to support payments innovation, including stablecoins, alongside its financial stability role. https://t.co/Xfgstp4f1I
@CoinGapeMedia
🇬🇧 NEW: The British government plans to give the Bank of England a new secondary mandate to support payments innovation and digital money, including stablecoins, while maintaining financial stability as its primary role. https://t.co/0CLjjqkU1I
@CPOfficialtx
UPDATE: The UK government plans to give the @bankofengland a new mandate to support payments innovation, including stablecoins, alongside its existing financial stability role. The UK is pushing deeper into digital finance. https://t.co/Mcw5wEmwVY
@BSCNews
UK Moves To Make Bank Of England More Crypto Friendly The UK government plans to give the Bank of England a new objective supporting payments innovation. Under the proposal, digital money, stablecoins and emerging payment systems would fall within its expanded remit. Financial https://t.co/39y0vJev7g
@CoinDesk
NEW: The UK government plans to give the Bank of England a formal mandate to support stablecoin and digital money innovation. https://t.co/Xpd5gHoUX1
@CryptoTimes_io
NEW: 🇬🇧 UK GOVERNMENT MOVES TO BACK STABLECOIN INNOVATION The UK government plans to give the Bank of England a formal mandate to support innovation in stablecoins and digital money. https://t.co/R8Sacn4Cvj