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‘Stablecoin legislation is coming,’ UK FCA’s Rathi says

By Phoebe Seers ( October 24, 2024, 09:53 GMT | Insight) -- A regulatory framework for stablecoins is coming, the head of the UK’s financial services watchdog, Nikhil Rathi, promised, adding that significant work is also underway on tokenization. The industry has been waiting for assurances from the new UK government that it will pick up on the work that was well underway on stablecoins and other digital assets before the general election was called in the summer.Legislation to regulate stablecoins is on its way, the head of the UK’s financial services watchdog has promised. Nikhil Rathi also said the regulator was doing “a load of work” on tokenization....

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