questionText: To ask the Chancellor of the Exchequer, what steps her Department is taking to ensure that stablecoin issuers maintain sufficient backing assets to protect consumers and financial stability.
answerText: On 29 April, HM Treasury published draft legislation for the future financial services regulatory regime for cryptoassets. The draft legislation includes a new regulated activity for stablecoin issuance in the UK, meaning firms carrying on this activity w...
heading: Cryptocurrencies