Ministers to boost innovation in payments with new objective for Bank of England
The UK government plans to give the Bank of England an additional objective to encourage innovation in payments and new types of digital money.
Central Bank
Not yet verified
Country / region
— · UK
Asset classes
—
Known initiatives
Systemic stablecoin regime; DSS; synchronisation
Website
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The UK government plans to give the Bank of England an additional objective to encourage innovation in payments and new types of digital money.
The UK government is consulting on changes to the Bank of England’s fee framework for recognised payment systems and specified service providers.
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ICMA has submitted a response to the Bank of England and FCA’s joint consultation on a Digital Securities Sandbox.
UK Finance has responded to a Bank of England discussion paper on regulating systemic payment systems that use stablecoins.
No confirmed changes since tracking began.