{"id":77383,"date":"2026-08-28T03:16:15","date_gmt":"2026-08-28T03:16:15","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/uk-gives-bank-of-england-new-stablecoin-innovation-mandate\/"},"modified":"2026-08-28T03:16:15","modified_gmt":"2026-08-28T03:16:15","slug":"uk-gives-bank-of-england-new-stablecoin-innovation-mandate","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/uk-gives-bank-of-england-new-stablecoin-innovation-mandate\/","title":{"rendered":"UK Gives Bank of England New Stablecoin Innovation Mandate"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">U.K. plans a second Bank of England objective to support stablecoins and digital payments.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Bank of England\u2019s new remit could speed tokenized finance while keeping stability.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">House of Lords debates the change Sept. 7 and 9, shaping the U.K.\u2019s next stablecoin rules.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>Lucy Rigby Backs New Bank of England Mandate for Digital Finance<\/h2>\n<p>The U.K. is moving to give the Bank of England a formal role in encouraging innovation across stablecoins, tokenized finance and digital payment infrastructure, as policymakers seek to keep regulation aligned with rapid technological change.<\/p>\n<p><a href=\"https:\/\/www.gov.uk\/government\/news\/ministers-to-boost-innovation-in-payments-with-new-objective-for-bank-of-england\" target=\"_blank\" rel=\"noopener noreferrer\">Under the proposal<\/a>, the Bank would receive a secondary objective to support innovation in systemic payment systems. The mandate would cover emerging technologies and digital settlement assets, including stablecoins, while remaining subordinate to the Bank\u2019s core responsibility for financial stability.<\/p>\n<p>City Minister Lucy Rigby said technologies such as tokenization and distributed ledger technology could reshape financial markets globally.<\/p>\n<p>\u201cWhilst financial stability will always remain the Bank\u2019s primary objective, this secondary objective will support the Bank to continue to drive innovation in payments and digital finance,\u201d Rigby said.<\/p>\n<h2>Stablecoins Move Further Into the UK Regulatory Framework<\/h2>\n<p>The change is significant for digital assets because it extends the Bank\u2019s existing innovation remit directly into payment systems.<\/p>\n<p>The Bank already has a secondary innovation objective when overseeing central counterparties and central securities depositories. The government now wants to apply the same approach to systemic payment infrastructure, including systems that rely on digital settlement assets.<\/p>\n<p>That could give the central bank a clearer mandate to consider how <a href=\"https:\/\/news.bitcoin.com\/regulation-and-legal\/uk-lawmakers-press-banks-on-crypto-access-ahead-of-new-rules\/\">regulation affects stablecoin issuers<\/a>, tokenized payment networks and blockchain-based settlement models.<\/p>\n<p>The government said the aim is to create conditions where new technologies can develop safely while contributing to economic growth.<\/p>\n<p>Deputy Governor for Financial Stability Sarah Breeden said the Bank welcomed the proposal, adding that it would \u201cfurther boost our work to support innovation in financial services without compromising on financial stability.\u201d<\/p>\n<h2>Tokenization Gains Policy Support<\/h2>\n<p>The proposal fits into a broader UK effort to modernize payments and encourage digital finance while keeping regulated infrastructure resilient.<\/p>\n<p>The Bank would be required to report annually to Parliament on how it is advancing the innovation objective and to create a formal mechanism to measure progress.<\/p>\n<p>The government plans to implement the change through amendments to the Financial Services and Markets Bill, which is scheduled for debate in the House of Lords on Sept. 7 and Sept. 9.<\/p>\n<p>For the crypto industry, the shift is notable because it places <a href=\"https:\/\/news.bitcoin.com\/us-and-uk-back-shared-stablecoin-rules-to-boost-cross-border-digital-payments\/\">stablecoins and tokenized settlement<\/a> within the same policy framework as other critical payment systems.<\/p>\n<p>The message from Westminster is increasingly clear: digital assets are being treated less as a parallel financial system and more as infrastructure that regulators expect to integrate into the existing one.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/stablecoins\/uk-gives-bank-of-england-new-stablecoin-innovation-mandate\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways U.K. plans a second Bank of England objective to support stablecoins and digital payments. Bank of England\u2019s new remit could speed tokenized finance while keeping stability. House of Lords debates the change Sept. 7 and 9, shaping the U.K.\u2019s next stablecoin rules. Lucy Rigby Backs New [&hellip;]<\/p>\n","protected":false},"author":3947362377,"featured_media":77384,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/77383"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362377"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=77383"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/77383\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/77384"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=77383"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=77383"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=77383"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}