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End 'confusion' over UK stablecoin rules' territorial scope, government urged

By Phoebe Seers ( May 7, 2025, 10:36 GMT | Insight) -- UK cryptoasset businesses are unsure of the territorial application of recently proposed stablecoin rules and need more clarity on how overseas issuers are treated, stakeholders have urged the finance ministry. It comes afer comments by financial services minister Emma Reynolds appeared to conflict with the accepted understanding that overseas issuers would not need to be regulated in the UK. UK cryptoasset businesses are unsure of the territorial application of proposed stablecoin rules and need more clarity on how overseas issuers are treated, stakeholders have urged the finance ministry....

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