According to Bloomberg, the UK government will assign the Bank of England a new secondary responsibility, requiring it to promote innovation in digital currencies, payments, and digital finance while continuing to prioritize financial stability. The UK Treasury stated that this move aims to enhance the UK's competitiveness in the digital asset market and extend the existing innovation responsibilities for central counterparties and central securities depositories to payment system regulation. Previously, the UK and the US established a joint task force to advance stablecoin adoption, and the Bank of England also removed proposed limits on individual and corporate stablecoin holdings in June. https://(wublock123.com)/news/uk-government-asks-bank-of-england-to-drive-digital-currency-payments-regulation-67266