Bank of England Publishes Plans to Regulate Wide-Use Stablecoins

CoinDeskPolicyPublicado em 2023-11-05Última atualização em 2023-11-06

Resumo

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.

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Edited by Sandali Handagama.

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