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The UK Treasury tells the Bank of England to boost innovation in payment systems and digital money, as it seeks to promote the UK as a hub for stablecoins

Treasury gives central bank a new legal objective as part of effort to promote UK as hub for stablecoins

Financial Times

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Discussion

  • Bee Thakur Bee Thakur on linkedin
    The UK is sending a strong signal on tokenisation.  🇬🇧  —  The government is proposing to make digital innovation a formal secondary objective of the Bank of England. …
  • Lucy Rigby Lucy Rigby on linkedin
    Developments in digital payments technology, including tokenisation & DLT, have the potential to transform financial markets across the globe. …
  • Paul Cullum Paul Cullum on linkedin
    HM Treasury's announcement today on a new payments innovation objective for the Bank of England is a welcome signal. …
  • Mark Simms Mark Simms on linkedin
    Payments innovation as a formal mandate: what the Bank of England's new objective signals...  HM Treasury has announced a new secondary objective …