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Feedback on regulating stablecoins sought by FCA, BOE

( November 6, 2023, 16:25 GMT | Official Statement) -- MLex Summary: The UK's Financial Conduct Authority and the Bank of England are seeking feedback on their approach to regulating stablecoins. The proposed regulation aims to protect consumers, prevent money laundering and ensure financial stability. The FCA is focused on regulating the issuance and holding of stablecoins, and the BOE is covering the regulation of systemic payment systems using stablecoins and related entities. Feedback is invited until Feb. 6, 2024.Statement follows. ...

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