Regulation · Instrument · United Kingdom · Consultation paper · Bank of England
Bank of England consultation paper: Proposed regulatory regime for sterling-denominated systemic stablecoins
The Bank's November 2025 consultation on its systemic stablecoin regime, which proposed temporary holding limits, a share of backing assets in UK government debt, and Bank deposit accounts for issuers. Superseded by the June 2026 policy statement.
Consultation closed · part of Bank of England regime for sterling-denominated systemic stablecoins
Key points
- Proposed temporary holding limits of £20,000 per coin for individuals and £10m for businesses, with possible exemptions.[1]
- Proposed that issuers hold part of their backing assets in short-term UK government debt and have a deposit account at the Bank, with possible central bank liquidity arrangements.[1]
Timeline
- 10 Nov 2025 · ConsultationPublished.[1]
- 22 Jun 2026 · FinalFollowed by the policy statement and draft Code of Practice.[2]
Deployments operating under it
None recorded with a source yet.
Sources
- [1]Proposed regulatory regime for sterling-denominated systemic stablecoins — Bank of England, 10 Nov 2025. Accessed 12 Oct 2026.A
- [2]Bank of England launches policy statement and draft rules on regulating systemic stablecoins — Bank of England, 22 Jun 2026. Accessed 12 Oct 2026.A