Payment Expert Podcast Ep. 16: The FCA, the Bank of England, and the sterling coin question
What's happening
The Financial Conduct Authority has published its final cryptoasset rulebook, bringing cryptoassets into the UK regulatory perimeter and setting capital, backing-asset and redemption requirements for qualifying stablecoins. The Bank of England has set out a systemic stablecoin regime and will jointly oversee systemic stablecoin issuers with the FCA. Broad industry reaction is mixed but includes reduced capital requirements reported by PYMNTS and commentary that the new framework spans issuance, trading, custody, staking and market abuse.
Why it's trending
Because the FCA finalized its crypto rulebook and the Bank of England announced a systemic stablecoin regime at the same time, creating a concrete regulatory shift for stablecoin firms now.
SignalHolding at its usual pace, confirmed across 1 independent source type.
Momentum
Score per dayStory volume
Stories per dayAngles you could write
Everyone says the FCA's final crypto rules 'bring crypto into the mainstream', but the Bank of England's systemic stablecoin regime just made a sterling coin business model less likely, not more.
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Original sources9
- FCA completes crypto roadmap with publication of new rulesFinTech FuturesJul 2
- Is the UK’s sandbox approach holding back crypto regulation?
Speaking with industry leaders at Money20/20 Europe, Payment Expert explores whether sandboxes, strict rulebooks or market-led regulation is best to lead the next era of crypto, stablecoins and AI. Stablecoin and crypto regulation has recently stolen the show in payments, with Europe absorbed by the MiCA deadline, the UK’s Financial Conduct Authority (FCA) providing long-awaited […]
Payment ExpertJul 2 - FCA unveils full digital assets regime, starting the clock now
The Financial Conduct Authority has published its complete cryptoasset regime, bringing to a close three years of policy development across five separate statements. As detailed by Areg Nzsdejan, CEO of Cardamon in a recent LinkedIn post, the framework spans stablecoin issuance, trading, custody, staking and market abuse, marking the most comprehensive attempt yet to bring […] The post FCA u
FinTech Global RegTechJul 2
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