The post UK to Introduce Legislation on Regulating Fiat-Backed Stablecoins from 2024! appeared first on Coinpedia Fintech News The United Kingdom government has updated its plans to regulate fiat-backed stablecoins in payment chains, with plans to introduce specific legislation to parliament in 2024. The Financial Conduct Authority (FCA) will be responsible for regulating fiat-backed stablecoins, while non-fiat-backed stablecoins, including algorithmic stablecoins, will not be allowed into regulated payment chains and will be subject …
