Written Question·Treasury·UIN 51116

Cryptocurrencies

Tabled: 9 May 2025

Answered: 14 May 2025

Named Day

Question

Mark Garnier

To ask the Chancellor of the Exchequer, whether qualifying stablecoin issuers will be subject to (a) capital and (b) liquidity requirements under the provisions in the draft Financial Services and Markets Act 2000 (Regulated Activities and Miscellaneous P

Answer

Emma Reynolds

The Government’s forthcoming regime for cryptoassets will provide the Financial Conduct Authority with the necessary powers for effective regulation of cryptoassets, including the ability to set prudential capital and liquidity requirements for UK stablec...

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