BoE Open to Revising Stablecoin Rules, Breeden Says
On March 11, 2026, Bank of England Deputy Governor Sarah Breeden told reporters the central bank is “genuinely open to other approaches” for regulating systemic stablecoins, while also voicing “disappointment” over what she characterized as insufficient constructive engagement from industry. Her comments suggest the BoE may consider alternatives to its current proposals, but expects clearer dialogue from issuers and service providers. This stance matters because the BoE’s framework will shape how large stablecoin projects operate in the U.K., influence cross-border payments arrangements, and affect investor protections. If industry participants respond with technical proposals and practical compromises, rules could be adjusted to balance innovation with systemic risk controls. For now, Breeden’s remarks leave the door open for negotiation but underscore that regulators expect substantive engagement rather than rhetoric.