UK House of Lords opens inquiry into stablecoin regulation

[etfs]

The House of Lords Financial Services Regulation Committee has launched an inquiry into proposed stablecoin rules in the United Kingdom, inviting public input on frameworks developed by the Bank of England (BoE) and the Financial Conduct Authority (FCA).

The review will examine how stablecoins could impact traditional financial services, including banking and payments, as well as assess the risks and opportunities posed by their growing adoption. Written submissions from industry experts, participants, and the public are open until March 11, with oral evidence scheduled for a public hearing on Wednesday.

Baroness Noakes, committee chair, said the inquiry will determine whether the BoE and FCA’s proposals offer “measured and proportionate responses” to developments in the stablecoin market.

[tradelikepro]

if stablecoins start looking like banks, don’t be shocked when they get treated like banks.