Bank of England Publishes Plans to Regulate Wide-Use Stablecoins

CoinDeskPolicyPubblicato 2023-11-05Pubblicato ultima volta 2023-11-06

Introduzione

The U.K. government published plans for regulating crypto last week.

Stablecoins that could pose a risk to the financial system should be regulated, the Bank of England said in a discussion paper published Monday.

The Bank of England will be regulating these systemic stablecoins and their issuers. The Financial Conduct Authority (FCA) will oversee the crypto sector, including stablecoin providers, the U.K. government said last week. Legislation for fiat-backed stablecoins will be introduced early next year.

This is a developing story and will be updated.

A D V E R T I S E M E N T
A D V E R T I S E M E N T

Read more: U.K. Publishes Final Proposals for Crypto, Stablecoin Regulation

Edited by Sandali Handagama.

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