UK Government tells Bank of England to support innovation in payment systems
The UK Government is to give the Bank of England a new mandate to support innovation in payment systems and digital money such as stablecoins.
The UK Government is to give the Bank of England a new mandate to support innovation in payment systems and digital money such as stablecoins.
BELLINGS Intelligence Score: 62
Why it matters
The UK Government directing the Bank of England to support innovation in payment systems and digital money represents a significant regulatory and structural development with potential long-term implications for the payments landscape and financial innovation, affecting credit markets indirectly through changes in liquidity and transaction efficiency.
Sources
Finextra
UK Government tells Bank of England to support innovation in payment systems
The UK Government is to give the Bank of England a new mandate to support innovation in payment systems and digital money such as stablecoins.