The Bank of England will be granted new powers to regulate innovations in the stablecoin sector
31.08.2026
The Bank of England has officially been granted new powers to regulate innovations in the field of stablecoins, marking an important step in the development of digital finance in the United Kingdom. Under the new mandate approved by the government, the central bank will now oversee the issuance and circulation of fiat-backed stablecoins to enhance transparency and protect users.This move is driven by the rapid growth of the stablecoin market: as of August 2026, their total global market capitalization exceeded $200 billion, and the UK’s share of this sector is estimated at approximately 8%. Experts note that the introduction of clear regulatory standards will help reduce risks to the financial system and strengthen confidence in digital assets.Under the new rules, the Bank of England will assess the stability of stablecoin issuers, oversee asset reserve processes, and ensure compliance with cybersecurity standards. Particular attention is being paid to consumer protection: mechanisms will be put in place to ensure a prompt refund in the event of technical failures or fraud.These measures are expected to strengthen the UK’s position as a global hub for digital finance and stimulate further development of the fintech sector. Representatives of the Bank of England emphasize that the new approach will strike a balance between innovation and the stability of the financial system, while also supporting the country’s growing competitiveness on the international stage.
Go back
