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2023-11-06 10:07:46

Bank of England to Regulate Stablecoins that Pose Financial System Risk

The post Bank of England to Regulate Stablecoins that Pose Financial System Risk appeared first on Coinpedia Fintech News The Bank of England plans to regulate stablecoins that could pose a risk to the financial system. The Financial Conduct Authority will be responsible for regulating stablecoin providers in the crypto sector. Legislation for fiat-backed stablecoins will be introduced in the UK early next year. The Bank of England has announced that it plans to …

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