The UK House of Lords has backed a move to force the Treasury to publish a national digital asset strategy, aiming to replace the country’s patchwork crypto policy with a clearer plan for stablecoins, tokenization, CBDCs, and market access. It still needs Commons approval, but the message is blunt: enough with the policy confetti.
Read Full Article
UK peers are backing a mandatory digital asset strategy, but the real question is what that actually means: a serious UK crypto framework, or just Westminster’s favorite hobby—vague policy language with extra steps. The fine print will decide whether this helps builders or adds another regulatory headache.
Read Full Article
Britain’s parliamentary financial watchdog is telling the Bank of England to ease up on its stablecoin crackdown before it crushes a market that’s still finding its legs. House of Lords pushes back on Bank of England stablecoin caps £20,000 individual limit and £10 million business limit face criticism 40% reserve rule could damage stablecoin economics […]
Read Full Article
UK Lawmakers Scrutinize Stablecoins as Bank of England Flags Deposit Drain Threat Stablecoins, the crypto assets designed to hold steady value by pegging to fiat currencies, are facing intense scrutiny in the UK as lawmakers and regulators wrestle with their rapid rise. The House of Lords Financial Services Regulation Committee has launched a formal inquiry […]
Read Full Article