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Bank of England Gets New Digital Payments Role | Bitcoin and Crypto News
Description
The UK is giving the Bank of England a second job: driving innovation in digital payments, including stablecoins—without compromising its core mission of financial stability. This new role will be embedded in upcoming financial legislation and includes annual reporting, sparking industry interest while raising questions about regulation. The Bank will test how stablecoins and a digital pound could work together for global payments, even as it coordinates with the U.S. to align rules. It’s a bold balancing act as the UK races to stay ahead in the digital finance revolution.
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