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As the UK Finalises Its Regulatory Framework for Stablecoins, How Does It Compare Globally?

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Over the course of June 2025, both the Bank of England (BoE) and the UK Financial Conduct Authority (FCA) published policy statements setting out the UK’s framework for regulating stablecoins. These policy statements followed a period of consultation, during which both regulators adapted their proposals amid significant feedback from a broad spectrum of stakeholders across…