Cryptocurrencies
Commons · Question 63565 · Tabled 30 Jun 2025 · Treasury · Official record
Answered 7 Jul 2025
Question
Asked by Mark Garnier
To ask the Chancellor of the Exchequer, what steps her Department is taking to ensure that stablecoin issuers maintain sufficient backing assets to protect consumers and financial stability.
Answer
Answered by Emma Reynolds, 7 Jul 2025
On 29 April, HM Treasury published draft legislation for the future financial services regulatory regime for cryptoassets. The draft legislation includes a new regulated activity for stablecoin issuance in the UK, meaning firms carrying on this activity w...