Bank of England Vows UK Stablecoin Rules Will Arrive ‘Just as Quickly as the US’ to End Lag Fears

The Bank of England (BOE) promises quick action on stablecoin regulation. Deputy Governor Sarah Breeden stated the UK regime will launch as fast as the US system. She rejected fears that Britain is falling behind on crypto policy. Synchronized rules between the two allies are “really important.”

The BOE plans to publish its official stablecoin consultation paper on November 10. The new rules will first target “systemic” stablecoins. These are tokens used widely for payments. Other smaller digital assets will follow a lighter framework. This lighter system will be overseen by the Financial Conduct Authority.

The BOE’s proposal includes temporary holding caps for stablecoins. These limits aim to protect the UK’s mortgage system from sudden bank deposit outflows. Breeden explained that the UK’s bank-dependent system requires a cautious transition. The UK’s goal is to balance innovation with financial stability. It wants to remain a global hub for regulated digital finance.