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How the UK’s stablecoin rules came together
The Financial Conduct Authority (FCA) has finalized its regulatory framework for the issuance, backing, and safeguarding of UK-based qualifying stablecoins, marking a pivotal moment in the British government’s ambition to establish the country as a global hub for cryptoasset technology. In a policy statement designated as PS26/10, published on June 30, the regulator detailed the…
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