Bank of England Publishes Plans to Regulate Systemic Stablecoins

UK FCA's Planned Crypto Incentives Ban Could Force Firms Out of Country, Lobbyists Say

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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