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UK’s Planned Stablecoin Rules Need Reworking, Crypto Advocates Say

Industry groups argue they see inconsistencies in regulatory plans by the Bank of England and the Financial Conduct Authority.

Crypto lobbying groups are arguing the Bank of England and the Financial Conduct Authority should rethink some of their ideas for regulating stablecoins. (Jesse Hamilton/CoinDesk)
Crypto lobbying groups are arguing the Bank of England and the Financial Conduct Authority should rethink some of their ideas for regulating stablecoins. (Jesse Hamilton/CoinDesk)