UK stablecoin rules must not be delayed, lawmakers say
( June 3, 2026, 00:01 GMT | Official Statement) -- MLex Summary: Members of Britain’s upper chamber have urged regulators to introduce a regulatory framework on stablecoins soon, to enable the growth of a UK stablecoin market. The Financial Services Regulation Committee of the House of Lords released a report on Wednesday, arguing the UK is lagging the US and the EU. Lawmakers said they want regulators to ease some key aspects of their proposals, including the proposed requirement to hold at least 40 percent of backing assets in unremunerated central bank deposits and the proposed holding limits.Statement is attached....
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