Bank of England waters down stablecoin rules after industry backlash Regulation The Bank of England has diluted its incoming stablecoin rules after warnings from currency providers that the UK risked falling behind rival jurisdictions in a rapidly growing pocket of the global financial system. In its final framework for regulating the fledgling currencies, which are a digital form of money whose value is pegged to another [...]
A ‘safe harbour’? London needs more ambition than that Opinion Boring stability might win London short-term preference, but it won't see us win the race for any bigger prizes, writes Janine Hirt.
Exclusive: UK urged to set up National Anti-Fraud Centre to halve crime rate Fintech The UK government is being urged to set up a National Anti-Fraud Centre to halve the rate of the crime by 2028. Industry body Innovate Finance has launched a blueprint to make the UK the world leader in tackling fraud, and is urging ministers to prioritise cross-sector data sharing and shared liability in a bid [...]
UK fintech funding races ahead of Europe January 9, 2025 According to new figures, the UK’s fintech sector was beaten by only the US on total investment last year despite a sharp fall in funding on 2023 levels. As global fintech investment fell 20 per cent globally to $43.5bn (£35.2bn), the UK attracted $3.6bn (£2.9bn) of total funding, more than the next five European countries [...]