BOE Told to Boost Digital Currency Innovation After Criticism

The Bank of England has been urged to step up digital-currency and payments innovation after criticism that its approach has been too conservative. The government said it will push the central bank to move faster in developing a more modern framework for crypto-related payment activity, responding to concerns that the UK may fall behind on innovation. The update comes as policymakers face continued pressure to balance new financial technologies with stability and regulatory clarity. The brief item highlights the government’s direction to the BoE, but does not provide additional details on timelines or specific policy changes.