Stablecoin Regulation 'Must Not Be Delayed' Lords Say

House of Lords warns UK risks losing ground in stablecoin race

A House of Lords report criticized parts of the UK's proposed stablecoin framework and warned innovation could move overseas.

Stablecoin regulation 'must not be delayed' Lords say

The UK must not delay on introducing regulations on stablecoin technology, according to a new report from members of the House of Lords. The cross-party Financial Services Regulation Committee on Wednesday published the findings of its research into introducing stablecoins as an approved element of the British economy. It has determined that a sterling-backed stablecoin could bring significant benefits, including faster and cheaper payments opti…

Stablecoin regulation must not be delayed, and must balance risk mitigation with innovation

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