UK Gears Up for Stablecoin Regulation: Bank of England Launches Consultation with 2026 Deadline

The Bank of England has initiated a public consultation on its proposed regulatory framework for sterling-denominated stablecoins, marking a significant step towards integrating this new form of digital money into the UK's financial system. The central bank aims to finalize these rules by the end of 2026, aligning with international developments and ensuring robust oversight.