Bank of England Releases Stablecoin Rules, Sets 2027 Timeline
The Bank of England (BoE) has released a policy statement and draft rule framework for “systemic” pound-backed stablecoins, setting out how regulated issuers would operate under a proposed UK-wide regime. The publication is a significant step toward a dedicated stability-and-paym...
➤ The Bank of England has released draft rules for systemic pound-backed stablecoins, aiming for finalization by end-2026 and a 2027 rollout. ➤ Key changes include a 70% allowance for interest-bearing government debt in reserves and a £40 billion temporary issuance cap, replacing earlier individual holding limits. ➤ HM Treasury will designate systemic tokens, while the FCA will oversee non-systemic ones, creating a bifurcated regulatory approach.










