🇬🇧BREAKING: The UK government is formally ordering the Bank of England to advance stablecoin and digital money innovation, a directive that has never been issued to a G7 central bank before.
For years the Bank of England studied, consulted, and delayed while the US passed stablecoin legislation and Europe went live with MiCA. The UK watched from the sidelines.
A formal government order changes that entirely. This is not a suggestion or a policy paper. It binds the institution to act.
The City of London did not become the world's financial center by moving second. Someone just decided it will not move second on digital money either.