The UK FCA Lists Stablecoins as a Key Focus for Future Regulation



According to sources from Chain News, the UK Financial Conduct Authority (FCA) announced that stablecoins pegged to fiat currencies will become a major focus of future regulation. This move is part of broader efforts to promote economic growth. Other measures include digitalization of financial services, enhancing international trade competitiveness, and expanding loan services to small businesses. FCA CEO Nikhil Rathi stated in a briefing to UK Prime Minister Keir Starmer that the FCA plans to "finalize digital asset regulations by 2026 and advance the issuance of GBP-pegged stablecoins in the UK." Rathi said, "We will continue to take greater risks to support economic growth while remaining committed to protecting consumers and ensuring market integrity." Rathi also mentioned that besides promoting AI applications, the agency prioritizes migrating traditional assets to blockchain. He added, "We will also enable our world-leading asset management industry to tokenize their funds, thereby improving efficiency and increasing competitiveness."

#Stablecoins #DigitalAssets #FCA #Blockchain #Cryptocurrency
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