UK Vows to Catch Up With US in Stablecoin Regulation

The Bank of England has affirmed its commitment to keeping pace with the United States in the rapidly developing world of stablecoins. Following the US’s landmark GENIUS Act, which sets clear regulatory standards for these digital assets, the UK will unveil its own proposed rules on Monday. These regulations will focus on ‘systemic’ stablecoins, those tokens with potential to become widely used for payments. 2025 is a pivotal year in the crypto landscape as the UK aims to stay ahead of the curve while navigating diverse industry voices. This comes amidst growing concerns about the UK’s potential to lag behind in shaping the future of cryptocurrency regulation.