Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»ADOPTION NEWS»UK extends stablecoin regulatory consultation period, seeks comprehensive feedback
ADOPTION NEWS

UK extends stablecoin regulatory consultation period, seeks comprehensive feedback

By Crypto FlexsFebruary 7, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
UK extends stablecoin regulatory consultation period, seeks comprehensive feedback
Share
Facebook Twitter LinkedIn Pinterest Email

The Bank of England and the Financial Conduct Authority have extended the deadline for feedback on stablecoin regulation to February 12, aiming for a comprehensive and comprehensive regulatory framework.

Bank of England (BOE) and Financial Conduct Authority (FCA) has actually extended the comment period on stablecoin regulation discussions in the UK, with a new deadline set for February 12th. The purpose of this extension is to gather more comprehensive feedback to help build a more comprehensive regulatory framework for cryptocurrencies in the UK. uk. The decision to extend the comment period reflects the UK’s commitment to creating a sensitive and comprehensive regulatory environment that takes into account the complexities of the evolving cryptocurrency markets.

BOE’s discussion paper focuses on the impact of introducing a British pound-backed, retail-focused stablecoin on the UK’s payments system, covering topics such as transfer capabilities, wallet provider requirements, and the overall goal of maintaining financial system stability and security. . On the other hand, the FCA’s discussion paper explores a wide range of stablecoin use cases beyond payment systems, including aspects such as auditing, reporting, prudential requirements, support and custodianship, and highlights the similar challenges faced by traditional financial services and cryptocurrency assets. Emphasizes the regulatory approach available. Risks are managed to similar standards.

The Association of European Financial Markets (AFME) submitted timely comments praising the UK’s regulatory proposals as a positive development, but calling for consistency in the regulatory treatment of security tokens. AFME recommends a cautious approach regarding the application of the proposed regulations to foreign-issued stablecoins, suggesting waiting until international frameworks and markets become more mature.​​​

This initiative from the BOE and the FCA, together with industry feedback from organizations such as AFME, demonstrates the UK’s strategic and balanced approach to creating a regulatory environment for stablecoins and crypto assets. It aims to balance innovation and regulation and ensure a safe, efficient and innovation-friendly ecosystem for the development of cryptocurrency assets, while taking into account the importance of global coordination and establishing a level playing field internationally.​​​​​ .

Image source: Shutterstock

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025

Gala Games improves leader board rewards and introduces preference systems.

June 20, 2025

Ether Leeum Whale starts a $ 11 million leverage betting in the 30% increase in ETH prices.

June 12, 2025
Add A Comment

Comments are closed.

Recent Posts

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025
Most Popular

ETH deposits and withdrawals are now available on zkSync Era!

November 28, 2023

Everstake: 0.1+ ETH Staking Solution Audit Summary

April 18, 2024

With $9.3 billion worth of stablecoins flowing into exchanges, traders are bracing for a rise in Bitcoin prices.

November 8, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.