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 …
