| Mobile Web

Search results for Bank of England

Crypto

Korea Fintech Industry Association discusses digital finance cooperation with Bank of England

The Korea Fintech Industry Association said it held talks with officials from the Bank of England on possible cooperation in digital assets and cross-border payments. Korean fintech companies joined the meeting to share business progress on stablecoin-based trade settlement, asset tokenisation and AI agent payments. Participants agreed institutional safeguards were needed to protect consumers and investors and to ensure payment system stability.

Crypto

Bank of England says no need to rush digital pound, focus shifts to stablecoins

The Bank of England reaffirmed it is in no rush to issue a digital pound, saying there is no immediate need for a central bank digital currency. Deputy Governor Sarah Breeden said commercial stablecoins and tokenised bank deposits could fill payment gaps. The bank is putting weight on fostering a pound-denominated stablecoin market to prevent shifts to dollar-linked coins. The bank and UK Treasury aim to complete the design phase by end-2026.

Crypto

UK FCA finalises crypto authorisation guidance; applications open Sept. 30

Britain\'s Financial Conduct Authority has issued final guidance on which cryptoasset businesses will require authorisation under a new digital asset regulatory framework. Applications will open on Sept. 30, and existing registered firms must reassess their status because registrations and permissions will not automatically carry over. Firms seeking transitional arrangements must apply by Feb. 28, 2027. The new regime is scheduled to take effect on Oct. 25, 2027.