UK regulators publish proposals for regulating stablecoins
The FCA and the Bank of England (Bank) are requesting feedback on their proposed approach.
The regulators have published discussion papers on their proposed approach to regulating stablecoins, and the PRA published a Dear CEO letter on innovative uses of deposits, e-money and stablecoins.
The three regulatory authorities also published a joint “roadmap paper” aimed at explaining how the proposed regimes interact and the regulators’