Bank of England Remains Focused on Systemic Stablecoin Regime

The UK central bank has released a consultation response on systemic stablecoins, suggesting that it remains committed to a systemic stablecoin regime. On Tuesday, the Bank of England (BoE) released the "Payments Regulation and the Systemic Perimeter" framework, which agreed on co-supervision arrangements by the BoE and Financial Conduct Authority (FCA). The BoE will lead on prudential matters, ensuring the stability of financial systems. The FCA will lead on conduct.... Read More: Bank of England Remains Focused on Systemic Stablecoin Regime