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Financial Services - Regulation - Stablecoins (UK)

The UK government plans to regulate fiat-backed stablecoins as a new means of payment in Phase 1 of its regime for regulating cryptoassets. The Financial Conduct Authority has published a paper outlining its proposed regulatory regime for non-systemic stablecoins, while the Bank of England proposed a regulatory regime for stablecoins that can potentially be used for retail payments at a systemic scale.

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