Bank of England Races to Match US on Stablecoin Rules

Bank of England Races to Match US on Stablecoin Rules, Says Deputy Governor

Written by Aaron S.,

Editor-In-Chief

Last Updated: November 06, 2025

Key Takeaways

The Bank of England plans to introduce stablecoin regulations on a similar schedule to the United States;
Deputy Governor Sarah Breeden said the UK is working closely with US regulators to align approaches;
A consultation paper outlining the UK’s stablecoin framework will be released on November 10.

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The Bank of England is working to introduce stablecoin regulations on a similar timeline to the United States, according to Deputy Governor Sarah Breeden.

She emphasized the need for the UK to stay aligned with its international partners as rules around digital payment tokens continue to evolve.

Breeden, speaking at the SALT event in London, stated that the UK is not lagging behind and intends to act swiftly to put a clear framework for stablecoins.

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Her remarks addressed concerns that the country might be falling behind, especially after the US passed the GENIUS Act in July.

The Bank of England plans to release a detailed consultation paper on stablecoin regulation on November 10. This document will outline the approach to managing risks and setting expectations for companies involved in issuing or handling these digital assets.

Breeden noted that the UK and US are in regular talks, with regulators and finance departments from both countries actively cooperating. She said:

I’ve been talking to the Federal Reserve <...> The regulators over there and our finance ministries are working together.

This collaboration builds on a recent meeting between the UK’s Chancellor, Rachel Reeves, and US Treasury Secretary Scott Bessent.

Canada is preparing new national rules for stablecoins, with plans outlined in the 2025 federal budget. What does the proposal cover? Read the full story.