The Financial Conduct Authority (FCA) on Monday published a discussion paper with proposals for a stablecoin regime. Though the country’s Conservative government has said it wants the U.K. to be a crypto hub and has managed to push through legislation that lets stablecoins be regulated as a means of payment, the FCA has been a strict regulator and it will do most of the supervision work involving the broader crypto sector.
Source: https://www.coindesk.com/policy/2023/11/08/uks-tough-crypto-regulator-fca-wont-go-easy-on-stablecoins-official-says/?utm_medium=referral&utm_source=rss&utm_campaign=headlines