Report · 2023

Regulatory regime for systemic payment systems using stablecoins and related service providers

Bank of England · Bank of England Discussion Paper · Bank of England

The Bank of England's proposed regime for stablecoins used at systemic scale in UK payments.

Key findings

Systemic payment stablecoins should be backed by deposits at the central bank (or equivalent high-quality assets).
Proposes holding limits during a transition to manage financial-stability risks.

Topics: Regulation & Policy · Payments & Settlement · Financial Stability & Systemic Risk

Cite this

Bank of England (2023). Regulatory regime for systemic payment systems using stablecoins and related service providers Bank of England Discussion Paper.

BibTeX

@techreport{boe2023systemicpaymentstablecoins,
  title = {Regulatory regime for systemic payment systems using stablecoins and related service providers},
  author = {Bank of England},
  year = {2023},
  institution = {Bank of England},
  howpublished = {Bank of England Discussion Paper},
  url = {https://www.bankofengland.co.uk/paper/2023/dp/regulatory-regime-for-systemic-payment-systems-using-stablecoins-and-related-service-providers},
  note = {Indexed by Stablecoin Beat},
}

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