📍🇬🇧 Financial Conduct Authority is now seeking views on proposed rules and guidance for the activities of issuing a qualifying stablecoin and safeguarding qualifying cryptoassets, including qualifying stablecoins.
📍Who this is for:
The proposals will affect consumers and firms who use, or interact with:
✅Qualifying stablecoins
✅Qualifying cryptoassets
✅Traditional finance custodians
➡️ Who needs to read this document:
- Firms that issue, or are seeking to issue, fiat-referenced stablecoins in the UK.
- Firms that wish to make use of qualifying stablecoins within wider activities (such as retail payments or on-and off-ramping).
- Cryptoasset custodians and other firms that carry out, or seek to carry out, safeguarding of qualifying cryptoassets.
- Industry groups, law firms and trade bodies representing firms in the cryptoasset sector
Auditors providing services to cryptoasset firms.
- Professional advisers in the cryptoasset sector.
- Consumers and groups representing consumer interests.
-------
🏛️🇬🇧 BBA is the UK's leading industry body established in 2017. We work in collaboration with policymakers, regulators and industry to advance evidence-based adoption of Blockchain technologies. BBA is also the secretariat of APPG on Blockchain Technologies.
#FCA #BBA #Stablecoins #Crypto #Blockchain
Daniel Harrison
