UK to Focus Regulation on Stablecoins Rather Than Crypto in General: Report
“We believe the case for intervention in the wider cryptocurrency markets is less immediately pressing,” Economic Secretary to the Treasury John Glen said Tuesday.
The fintech lead at U.K.’s central bank urged eco-conscious citizens not to “throw the blockchain baby out with the bitcoin bathwater.”
Ramp brands itself as the "PayPal for crypto" service.
The FCA is warning consumers, banks and payment services about dealing with unregistered crypto-asset firms.
The paper focuses on the effects of private stablecoins on the cost and availability of lending and the challenges for monetary policy.
Th firm hopes FCA approval will make it more attractive to institutional investors.