UK Crypto Industry Welcomes New Stablecoin Rules, Awaits Guidance

UK Crypto Industry Welcomes New Stablecoin Rules, Awaits Guidance

The BoE will detail its plans to regulate systemic stablecoins, including whether it will be authorizing firms next year, in a consultation, where the government lays out proposed regulatory measures in a document and invites the public or industry representatives to weigh in. The PSR, too, is planning to issue guidance on how it would regulate DSAs, including stablecoins.

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