UK Regulators Release Suite of Documents on Stablecoin Regulation
The Financial Conduct Authority (FCA) and the Bank of England (BOE) have released a suite of documents concerning stablecoin regulation in the UK. The FCA's discussion paper explores potential retail and wholesale stablecoin use cases, proposing the use of existing client assets regime as the basis of rules on redemption and custodianship. The BOE's Prudential Regulatory Authority (PRA) has released a letter advising deposit-taking institutions to maintain a clear difference between e-money or regulated stablecoins and other types of deposit. The BOE roadmap includes a timeline for implementation of stablecoin regulation by 2025.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
SEC Commissioner Crenshaw Criticizes Ripple Settlement and Agency’s New Direction

Spot Bitcoin ETFs Rally With $117M Inflow as IBIT Maintains the Asset Lead

$38 ADA ATH Nears as ADA Prints Game-Changing Bullish Pattern Amid Talks of Cardano in the US Digital Asset Stockpile

BTC Price Hits $103K: Analysts Eye Trap Zone Before Breakout to $140K

Trending news
MoreCrypto prices
More








