The UK government plans to give the Bank of England a new mandate to support payment innovation, with stablecoins explicitly included in that scope. At the same time, the central bank would retain its existing responsibility for safeguarding financial stability. The update was cited by Odaily, which attributed the report to Cointelegraph. The item points to a policy direction that seeks to back new forms of digital payments without removing the Bank of England’s core stability role. No additional details were disclosed in the brief on how the mandate would be implemented or when the change could take effect.
The UK government plans to give the Bank of England a new responsibility to support payment innovation, including stablecoins, while keeping its duty to maintain financial stability.
Odaily cited Cointelegraph as the source of the report.
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