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
Bitcoin futures and spot ETF traders capitulate as BTC looks for a bottom
Hyperliquid flips Solana in fees, but is the ‘HYPE’ justified?
XRP Bulls Gain Momentum as Sellers Face Rejection
XRP price action signals bullish dominance as sellers fail at key support, reminiscent of 2017-2018 levels. Could a rally be on the horizon?XRP Bulls Push Back as Sellers Face RejectionTechnical Analysis: Bullish Signs EmergingWhat’s Next for XRP?
Dogecoin FOMO? Arctic Pablo Could Be Your Next Big Move Among the Top New Meme Coins to Invest in This Week
Meme coins have carved out a unique niche, captivating both seasoned investors and newcomers alike.Arctic Pablo Coin: The New Frontier in Meme CoinsThe Rise and Challenges of DogecoinConclusion: Seizing the OpportunityFAQs
Trending news
MoreCrypto prices
More
