The BOE and FCA released documents discussing stablecoin regulation in the UK, with the implementation expected by 2025. The papers touch on various aspects of regulating stablecoins, considering retail and wholesale use cases, auditing, custodian independence, and more.

The FCA aims to apply these principles to other cryptocurrencies and modify prudential standards for stablecoin issuers and custodians. The BOE examines the application of sterling-based retail-focused stablecoins in payment systems. It emphasizes the need for clear branding differentiation between deposits and e-money or regulated stablecoins. A timeline with a 2025 implementation date was included in the BOE roadmap.