UK’s Tough Crypto Regulator FCA Won’t Go Easy on Stablecoins, Official Says

Free Promotional NFTs, Crypto Airdrops Would Be Banned Under New UK Rules, FCA's Matthew Long Says

The Financial Conduct Authority (FCA) on Monday published a discussion paper with proposals for a stablecoin regime. Though the country’s Conservative government has said it wants the U.K. to be a crypto hub and has managed to push through legislation that lets stablecoins be regulated as a means of payment, the FCA has been a strict regulator and it will do most of the supervision work involving the broader crypto sector.

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