The Bank of England has issued a policy statement and a draft code of practice setting out proposed rules for systemic stablecoin issuers.
According to Foresight News, the latest revisions include changes to reserve asset requirements and temporary issuance safeguards.
Under the draft, the cap on interest-bearing collateral assets such as short-term UK government bonds would rise to 70%, while the remaining 30% would be held in central bank deposit accounts to support timely redemptions.
The proposal also introduces temporary issuance safeguards for each systemic stablecoin, with an initial limit set at 40 billion pounds.
In addition, the Bank of England and the Financial Conduct Authority (FCA) are working together to establish an end-to-end regulatory framework, including orderly transition arrangements when a firm develops from a non-systemic institution into a systemic one.
Bank of England Proposes New Rules for Systemic Stablecoin Issuers
2026-06-22 07:53:39
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