Bank of England "Stablecoin regulation will be aligned with the U.S."

JH Kim

Summary

The Bank of England said it will pursue a stablecoin regulation policy coordinated with the United States.
The Bank of England said it plans to introduce a regulatory framework including temporary holding limits of 20,000 pounds for individuals and 10 million pounds for companies.
The industry said this move is a signal that the UK intends to bring the stablecoin market into the regulated financial system.

The Bank of England (BOE) said it will pursue stablecoin regulation policies in step with the United States.

On the 5th (local time), Bloomberg reported that Sarah Breeden (Sarah Breeden), Deputy Governor of the Bank of England, said, "The UK's stablecoin regulatory framework will be coordinated with the United States for global financial stability," adding, "Without international cooperation, the healthy growth of the stablecoin market cannot be guaranteed."

The Bank of England plans to introduce a regulatory framework that includes temporary holding limits of 20,000 pounds for individual investors and 10 million pounds for companies. This is interpreted as a measure to preemptively block rapid inflows of funds or large-scale liquidity risks.

Breeden also emphasized, "Stablecoins have the potential to increase the efficiency of payment infrastructure, but they must be managed so as not to cause financial system risks."

The industry views this move as a signal that the UK intends to incorporate the stablecoin market into the regulated financial system.