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Bank of England Plans to Match US Pace on Stablecoin Regulation: Report

Bank of England Plans to Match US Pace on Stablecoin Regulation: Report

Deputy Governor Sarah Breeden has outlined the BoE’s plans for faster crypto oversight and cross-border coordination.

Written by Rahul Dhingra, Edited by David Delima | Updated: 6 November 2025 20:00 IST

Bank of England Plans to Match US Pace on Stablecoin Regulation: Report

Photo Credit: Unsplash/Michael D Beckwith

The UK prepares new stablecoin rules as regulators expand crypto access for retail investors

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Highlights

UK to speed up crypto regulation with focus on consumer protection
FCA ends four-year ban on crypto ETNs for UK retail investors
London eyes a stronger role in global fintech and digital assets

The Bank of England (BoE) has pledged to implement a stablecoin regulatory framework at a pace that keeps up with the US, signalling a stronger commitment to supporting the responsible growth of digital assets in the UK. Reuters reports that BoE Deputy Governor Sarah Breeden said that the central bank is getting ready to finalise its strategy for managing stablecoins used for payments and settlement. The comments follow growing pressure on UK regulators to accelerate crypto oversight as global jurisdictions, including the US and the EU, advance their own frameworks.

UK's Financial Regulators Push Broader Access to Digital Assets as Oversight Expands

It is anticipated that the BoE will establish regulations that distinguish between smaller issuers that function on a restricted scale and large-scale or "systemic" stablecoins, which may be widely utilised for payments. The Financial Conduct Authority (FCA) will supervise the latter category, while the BoE will handle oversight of payment-focused stablecoins to ensure financial stability.

Speaking at a policy conference in London, Deputy Governor Sarah Breeden said, “We are moving just as quickly as the US to put in place a stablecoin regulatory regime that protects consumers and supports innovation.” Breeden added that the Bank of England and the Treasury are working closely with international partners to maintain consistency between global regulatory approaches. She made these comments as the US moves forward with new legislation that will make it clearer how payment providers issue and oversee stablecoins.

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The UK's broader approach to digital assets has grown noticeably more open over the past year. In October, the Financial Conduct Authority (FCA) lifted its four-year ban on crypto exchange-traded notes (ETNs), allowing retail investors to gain indirect exposure to cryptocurrencies through regulated financial instruments. The FCA claims that the action will increase investor choice and solidify London's standing as an innovative global financial hub.

While the Bank of England's commitment to matching the US in pace is viewed positively by the crypto sector, challenges remain around execution and timing. The success of these policies will depend on how effectively the UK coordinates between regulators and industry players to balance innovation with consumer protection and financial stability.

Cryptocurrency is an unregulated digital currency, not a legal tender and subject to market risks. The information provided in the article is not intended to be and does not constitute financial advice, trading advice or any other advice or recommendation of any sort offered or endorsed by NDTV. NDTV shall not be responsible for any loss arising from any investment based on any perceived recommendation, forecast or any other information contained in the article.

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Further reading: Bank of England, Cryptocurrency, Stablecoin, Crypto US

Rahul Dhingra

Email Rahul Dhingra

Rahul Dhingra is a crypto writer at Gadgets 360, where he covers the exciting world of Cryptocurrency, Blockchain, Defi and Web3. Before joining Gadgets 360, he worked as a content specialist for a European-based Crypto Exchange. Rahul loves storytelling, not just through the written word but also through the visual medium. Beyond his professional life, Rahul is a sports fanatic. Whether it’s cricket or football, his passion for the game is contagious. More