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Bank of England discussion paper on regulatory regime for systemic payment systems using stablecoins | Hogan Lovells

As mentioned in HM Treasury’s October 2023 policy update on plans for regulating stablecoins, the Bank of England (Bank) has published a discussion paper providing more details on its...
United Kingdom Financial Policy Committee Financial Conduct Authority Prudential Regulation Authority Financial Services Administration Regime

cryptocurrency: IMF-FSB synthesis paper unveils crucial policy recommendations for VDA stability

While the paper outlines a comprehensive regulatory framework, it also cautions against blanket bans on all VDAs activities. Such bans, the paper argues, can be costly and challenging to enforce due to the borderless nature of VDAs. They may also lead to increased incentives for circumvention, resulting in heightened financial integrity risks.
Stablecoins Gscs International Monetary System Virtual Digital Asset Monetary Sovereignty Fiscal Risks Adopting Unambiguous Tax

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