- Buy Crypto
- Markets
- Futures
- Spot
- Copy Trade
Earn- More
The UK House of Lords Launches Stablecoin Regulation Inquiry, Seeks Industry Input
BlockBeats News, January 29th - The Financial Services Regulation Committee of the UK House of Lords announced on January 29th that it has officially launched an inquiry into stablecoin growth and the proposed regulatory framework, inviting submissions of written evidence from the public.
This inquiry will focus on:
· The global stablecoin market and issuance developments since 2014, including a comparison between the UK market and the US and EU;
· The future prospects, user base, use cases of a GBP-denominated stablecoin in the UK, and the impact of current regulatory rules;
· The opportunities and risks that stablecoins (GBP- and USD-denominated) bring to the UK economy, financial services industry, and retail users, including their potential implications for monetary policy, traditional financial intermediation, and financial crime;
· The implications of stablecoin development on the statutory objectives of the Bank of England (BoE), Prudential Regulation Authority (PRA), and Financial Conduct Authority (FCA) in the UK;
· The impact of the proposed regulatory regimes by the Bank of England and FCA on the adoption of systemic and non-systemic stablecoins in the UK and internationally;
· Insights that the UK can draw from stablecoin regulatory experiences in jurisdictions such as the US and EU.
Lady Noakes, Chair of the Committee, stated that this inquiry aims to assess the opportunities and risks that stablecoin growth presents to the UK financial system and broader economy, and to examine whether the proposed regulatory framework by the Bank of England and FCA is "prudent and proportionate." The Committee welcomes submissions of evidence from all institutions and individuals with expertise or interest in this field.
You may also like
Central Bank of the UAE Endorses First USD-Backed Stablecoin
Key Takeaways The UAE Central Bank has endorsed the first US dollar-backed stablecoin, USDU, to streamline compliant settlements…
Can the Gold Price Rise to $6,000?
Key Takeaways Gold prices in 2026 have experienced dramatic surges, reaching unprecedented levels in just the first month…
What is the Next Milestone for Gold Prices and Will It Reach $6,000 by Year End?
Key Takeaways: Gold prices recently crossed the $5,000 per ounce mark, spurring predictions of further increases amidst global…
Bybit to Introduce Dollar Accounts With Partner Banks – Can Crypto Go Mainstream?
Key Takeaways Bybit plans to introduce “MyBank” dollar accounts in partnership with licensed financial institutions, enhancing seamless conversion…
Crypto Takeaways from Davos: When Politics and Finances Collide
Key Takeaways Trump’s Geopolitical Crypto Push: U.S. President Trump emphasized the urgency of crypto regulation as a geopolitical…
Crypto’s Next Challenge: Privacy and the Chicken-Egg Dilemma
Key Takeaways Privacy is becoming a central issue as cryptocurrencies move into traditional banking and state-backed systems. Regulatory…
Scaramucci Criticizes Stablecoin Yield Ban’s Impact on U.S. Dollar
Key Takeaways The CLARITY Act’s prohibition on stablecoin yields potentially weakens the U.S. dollar’s competitiveness against the digital…
CLARITY Act Stalls: Why Has the Interest-Bearing Stablecoin Become a Bank’s “Thorn in the Side”?
Key Takeaways The debate surrounding the CLARITY Act is primarily focused on interest-bearing stablecoins and their implications for…
South Korea considers changing the one-bank rule for crypto exchanges: An In-depth Review
Key Takeaways: South Korea is examining the current “one exchange–one bank” model amidst concerns of market concentration, potentially…
India Central Bank Suggests BRICS CBDC Link-Up As Members Explore Alternatives to Dollar Rails
Key Takeaways India’s central bank proposes a CBDC connectivity initiative for the upcoming 2026 BRICS summit. This move…
Anchorage Digital Prepares for IPO with Significant $400M Fundraise
Key Takeaways Anchorage Digital is actively seeking to raise $200 million to $400 million in new funding, with…
China-led CBDC Project mBridge Surpasses $55 Billion in Cross-Border Payments
Key Takeaways The mBridge project has handled over $55 billion in cross-border payments, signaling a shift from traditional…
Scaramucci Remarks on Stablecoin Yield Ban’s Impact on US Dollar
Key Takeaways: The CLARITY Act’s prohibition on yield-bearing stablecoins decreases the competitive edge of the US dollar against…
Yen Weakness Nears Inflation Red Line: Bank of Japan May Be Forced to Hike Early
Most US debanking cases stem from government pressure, says report
Key Takeaways A report from the Cato Institute indicates that most debanking incidents in the US originate from…
South Korea to lift ban on corporate crypto investment: Report
Key Takeaways South Korea’s Financial Services Commission (FSC) is set to end a nine-year ban on corporate crypto…
Russia Targets Illegal Crypto Miners; India Advocates for CBDCs: A Global Overview
Key Takeaways Russia is intensifying efforts to regulate illegal cryptocurrency mining, proposing significant fines and penalties. India’s Reserve…
Powell States Federal Reserve Targeted by DOJ, Trump Dismisses Interest Rate Ties
Key Takeaways Federal Reserve Chair Jerome Powell revealed that the Justice Department issued subpoenas to the central bank…
Central Bank of the UAE Endorses First USD-Backed Stablecoin
Key Takeaways The UAE Central Bank has endorsed the first US dollar-backed stablecoin, USDU, to streamline compliant settlements…
Can the Gold Price Rise to $6,000?
Key Takeaways Gold prices in 2026 have experienced dramatic surges, reaching unprecedented levels in just the first month…
What is the Next Milestone for Gold Prices and Will It Reach $6,000 by Year End?
Key Takeaways: Gold prices recently crossed the $5,000 per ounce mark, spurring predictions of further increases amidst global…
Bybit to Introduce Dollar Accounts With Partner Banks – Can Crypto Go Mainstream?
Key Takeaways Bybit plans to introduce “MyBank” dollar accounts in partnership with licensed financial institutions, enhancing seamless conversion…
Crypto Takeaways from Davos: When Politics and Finances Collide
Key Takeaways Trump’s Geopolitical Crypto Push: U.S. President Trump emphasized the urgency of crypto regulation as a geopolitical…
Crypto’s Next Challenge: Privacy and the Chicken-Egg Dilemma
Key Takeaways Privacy is becoming a central issue as cryptocurrencies move into traditional banking and state-backed systems. Regulatory…
App