# UK Treasury gives Bank of England digital-money innovation objective

_Friday, August 28, 2026 at 5:35 AM EDT · Power · Latest · Tier 2 — Notable_

The UK Treasury has given the Bank of England a legal objective to support payment systems and digital-money innovation, according to the Financial Times. The move is part of an effort to position the UK as a stablecoin hub and keep London competitive. The supplied summary does not describe the objective's implementation or timing.

## Sources

- [Techmeme](https://www.techmeme.com/260828/p2#a260828p2)

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Canonical: https://techandbusiness.org/newswire/STHsXcJhsyzCKdRZFXZhzk
Retrieved: 2026-08-28T12:43:07.862Z
Publisher: Tech & Business (techandbusiness.org)