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UK inaction on stablecoin regulation undermining competitiveness, association says

( April 29, 2025, 07:45 GMT | Official Statement) -- MLex Summary: The UK’s failure to implement a regulatory regime for stablecoins is undermining competitiveness and driving business away, Innovate Finance said in a report released today. The fintech lobby group also said that the Bank of England’s plan to prohibit systemic stablecoins from earning interest from backing assets would put the UK “significantly out of kilter compared to other regimes.” The Financial Conduct Authority should finalize a streamlined regulatory regime for stablecoins this year, the group added. Statement below, report attached. ...

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