Bank of England Softens Planned Stablecoin Restrictions After Industry Pushback

Finextra·low signal

The Bank of England is set to ease planned stablecoin restrictions following sustained industry lobbying, according to the Financial Times. The softened approach reflects the tension between maintaining financial stability and not stifling innovation in programmable payments — a dynamic playing out simultaneously in the EU (MiCA framework) and the US (Clarity Act).