U.K. Stablecoin Regulation Lags Behind U.S., E.U.

Stablecoin rules must change, peers warn regulators

A House of Lords committee has warned that the UK’s stablecoin regulatory framework risks being outpaced by international rivals and has called on regulators to revisit several key elements of their proposals. The Financial Services Regulation Committee, chaired by Baroness Noakes DBE, launched its inquiry in January into the expansion of stablecoins and the regulatory frameworks proposed by the Bank of England and the Financial Conduct Authorit…

UK stablecoin rules risk falling behind US and EU

The Financial Services Regulation Committee, a House of Lords body chaired by Baroness Noakes DBE that scrutinises financial regulation, has published a report warning that the UK’s framework for stablecoins is not keeping pace with international rivals and calling on regulators to stick to existing deadlines. The committee’s central finding is that the UK trails both the United States and the European Union in building out its stablecoin regula…

U.K. Stablecoin Regulation Lags Behind U.S., E.U.

The Financial Services Regulation Committee has published its report Stablecoins: waiting for regulation. Report: Stablecoins: waiting for regulation (HTML) Report: Stablecoins: waiting for regulation (PDF) Inquiry: Growth and proposed regulation of stablecoins in the UK Financial Services Regulation Committee The inquiry The Financial Services Regulation Committee, chaired by The Baroness Noakes DBE, launched an inquiry in January into the gro…