BUSINESSTHE BLOCK
House of Lords committee urges UK regulators to ease stablecoin rules that could stifle market growth
A UK House of Lords committee warned that Britain lags the U.S. and the EU on stablecoins, urging the Bank of England (BoE) and Financial Conduct Authority (FCA) to revise regulations. The committee argued that current rules risk stifling market growth.
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Adjacent reporting
- UK House of Lords committee calls on Bank of England to reconsider proposed stablecoin restrictions
- Global stablecoin rulemaking slows, prompting BIS to urge cooperation to avoid fragmentation risks
- UK Lords warn BoE could regulate pound stablecoins into irrelevance
- Banks seek to slow down implementation of crypto's GENIUS Act on stablecoin oversight
- The GENIUS Act opened the door for stablecoins, but regulators want to narrow it
- How can the UK catch up on stablecoins?