ChainCatcher message: According to the UK House of Lords Financial Services Committee, the committee has announced the launch of an investigation into the growth of stablecoins and proposed regulations, and is now openly soliciting relevant opinions and evidence.
The investigation will focus on the development of the global stablecoin market, the future trends of GBP-pegged stablecoins, the potential impact of stablecoins on the UK economy and financial services, and the applicability of the proposed regulatory framework by the Bank of England and the Financial Conduct Authority (FCA).
Committee Chair Baroness Noakes DBE stated that this investigation aims to assess the opportunities and risks brought by stablecoin growth and to explore whether the regulatory frameworks proposed by the Bank of England and FCA can effectively respond to these changes. Experts and interested parties in related fields are welcome to submit their opinions.
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The UK Financial Conduct Authority launches stablecoin regulation investigation
ChainCatcher message: According to the UK House of Lords Financial Services Committee, the committee has announced the launch of an investigation into the growth of stablecoins and proposed regulations, and is now openly soliciting relevant opinions and evidence.
The investigation will focus on the development of the global stablecoin market, the future trends of GBP-pegged stablecoins, the potential impact of stablecoins on the UK economy and financial services, and the applicability of the proposed regulatory framework by the Bank of England and the Financial Conduct Authority (FCA).
Committee Chair Baroness Noakes DBE stated that this investigation aims to assess the opportunities and risks brought by stablecoin growth and to explore whether the regulatory frameworks proposed by the Bank of England and FCA can effectively respond to these changes. Experts and interested parties in related fields are welcome to submit their opinions.