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Crypto industry risks chill from UK overregulation, sterling stablecoin chief says (update*)

By Phoebe Seers ( June 12, 2025, 15:22 GMT | Comment) -- A cautious approach to cryptoassets by the UK financial services regulator risks holding back the sector's potential in Britain, although there is no lack of buzz about the industry in London, according to the founder and head of BCP Technologies, the first FCA-registered crypto firm to launch a sterling-denominated stablecoin. Benoit Marzouk told MLex there are concerns over how long it is taking the FCA to get regulation over the line.A cautious approach to cryptoassets by the UK financial services regulator risks holding back the sector's potential, although there is no lack of buzz about the industry in London, according to the founder and head of the first crypto firm registered with the watchdog to launch a sterling stablecoin. ...

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