UK authorities have vowed to look “beyond the hype” around stablecoins, and Facebook’s Libra project in particular, ensuring instead that crypto firms providing payment or e-money services are regulated accordingly.
Christopher Woolard, executive director of strategy and competition at the Financial Conduct Authority (FCA), confirmed on Tuesday that the regulator has been discussing with Facebook its plans to develop a global payments network based on its own stablecoin, Libra.
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