The UK government is reviving its payments rulebook to support the adoption of new fintech and payment technologies such as stablecoins and tokenization. The Treasury will consult on reforms for payment services and electronic money rules and will also bring forward legislation to reduce administrative burdens for companies offering stablecoin payment services. Former Financial Conduct Authority veteran Chris Woolard has been appointed as digital markets champion for the Wholesale Financial Markets Digital Strategy. The changes are part of a broader effort to bring stablecoins more deeply into the payments system. The government also plans to explore how payment regulation should apply when AI agents make transactions for consumers or businesses.