UK Announces Regulatory Framework for Stablecoins and Tokenized Deposits

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The UK Treasury announced a regulatory framework during London FinTech Week, planning to integrate stablecoins and tokenized deposits into a unified regulatory framework with traditional payment services. The proposal aims to regulate stablecoins used for payments under an upcoming issuance regime, while also expanding the Financial Conduct Authority’s (FCA) oversight of open banking and exploring regulatory adjustments for payment activities executed by AI agents. The plan also suggests reducing administrative requirements for businesses providing stablecoin payment services through new legislation.

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