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Bank of England engages on digital assets, stablecoins, and digital pound
May 7, 2026
< 1 min read
by Ibiam Wayas
for CryptoPolitan
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Bank of England signals it may soften parts of its proposed sterling stablecoin framework after industry, legal and digital-asset criticism that the initial rules would make sterling-backed stablecoins commercially unattractive and push innovation offshore; regulatory details still pending. - Potential easing would support crypto adoption and market viability of UK stablecoins, reducing risk of capital and talent flight, but short-term regulatory uncertainty remains until the final framework is published.
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The Bank of England is showing signs that it may ease parts of its proposed stablecoin framework after strong criticism from crypto companies, legal experts, and digital asset advocates who argue that some of the rules could make sterling-backed stablecoins commercially unattractive and drive innovation outside the UK. At the center of the debate is...
