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The Bank of England wants to extend the operating hours of its payments infrastructure.
The Bank of England is consulting on extending RTGS and CHAPS hours toward near 24/7 settlement.
KEY POINTS
- A live synchronization service for asset and cash legs using tokenized equivalents is targeted for 2028.
- The PRA now signals a lighter, proportionate approach to wholesale stablecoins, opening doors for banks.
- The Digital Securities Sandbox will expand to include stablecoins, integrating central bank money, deposits, and stablecoins.
- Concrete timelines are set, with phased settlement hour extensions not fully arriving before 2031.
COMPANIES
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