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Regulations

Final rules for new UK crypto regime: stablecoin issuance

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Policy statement PS26/10 sets out final rules for UK-issued qualifying stablecoins, following consultation papers CP25/14 and CP25/41. The final rules notably cover issuance and redemption of stablecoins, backing assets (for stablecoins in issuance) and their safeguarding, and disclosures. NB that differing rules will apply for systemic stablecoins.