The Bank of England releases stablecoin regulation plan
ChainCatcher news, the Bank of England shared its plans for regulating stablecoins in a discussion paper released on Monday, with the Bank of England set to regulate systemic stablecoins and their issuers.
The UK government stated last week that the Financial Conduct Authority (FCA) will oversee the cryptocurrency industry, including stablecoin providers. Additionally, legislation for fiat-backed stablecoins is expected to be introduced early next year.
Related tags
ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.
Related tags
