UK’s Central Bank Forges Ahead With Plans for a Systemic Stablecoin Regime

CoinDesk reported:

The consultation set out that systemic stablecoins would be supervised by both the BoE and Financial Conduct Authority (FCA), which was welcomed by respondents. Respondents and the government also supported extending the accountability framework (which evaluates whether the regulators approach is future proof) to systemic stablecoins.

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