Regulatory Alerts2026-06-22
Bank of England policy statement and draft rules on regulating systemic stablecoins
The Bank of England published a policy statement and draft Code of Practice to establish the UK’s regulatory regime for systemic stablecoin issuers, aiming to foster safe innovation while maintaining financial stability. Key decisions include increasing the maximum share of interest-bearing assets to 70% and implementing a temporary £40 billion issuance guardrail to protect credit access without restricting household or business use. The framework, developed in coordination with the Financial Conduct Authority, is scheduled for finalization by the end of 2026 to allow regulated stablecoins to operate in the UK from 2027.
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