Bank of England Backs Tokenization, Stablecoins in Latest Policy Shift

GateNews
According to recent reports, the Bank of England is demonstrating stronger support for tokenization and regulated stablecoins as part of the UK's future financial system. UK policymakers are exploring frameworks that would allow regulated stablecoins to operate within the broader financial system under banking-style supervision and reserve requirements. The proposals envision stablecoins playing roles in retail and cross-border payments, real-time settlement, and tokenized securities markets. The Bank of England is emphasizing that any large-scale stablecoin ecosystem must operate under regulatory standards comparable to traditional financial institutions.
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