Politics · 3 days ago

Treasury adds new digital currency mandate for Bank of England

The Treasury is adding the rule to a finance bill heading for the House of Lords this September. While its main job remains keeping the economy stable, the central bank must now publish a yearly report on its innovation progress. It follows Labour's decision last March to scrap the Payment Systems Regulator and move its staff to the Financial Conduct Authority by 2027.

By BriefTea Editorial · 27 August 2026 at 11:01

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