UK Regulators Uncompromising On Crypto Despite Facebook 'Hype'

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.

To continue reading...

Our Key Benefits

PaymentsCompliance is a premium information service for compliance, legal and regulatory professionals. Our award-winning regulatory monitoring platform is used by many of the world's leading payment services providers and e-money institutions, regulators, challenger banks, fintechs and law firms.

We keep our clients informed of critical regulatory change and help them understand, with in-depth analysis, when change is coming and the implications for their organisation.

We provide our clients with a quantifiable and significant ROI by reducing the amount of time and money spent monitoring and analysing regulatory environments in multiple jurisdictions.