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Steakhouse Financial
@steakhousefi
The FCA and the Bank of England recently issued two Discussion Papers on a proposed regulatory regime for stablecoins. https://hackmd.io/@SteakhouseFi/fca-2024-dp23 Today we submitted our responses to the FCA leg of the journey, as always in canonical Cockney
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Steakhouse Financial
@steakhousefi
We are also making available a Google Doc version https://docs.google.com/document/d/1rWOplANsoPvKEuwMhY_ZZDbeWIjlFf_RXR6ZTmMRcuo/edit of the FCA DO here for easier navigation and browsing, as the PDF version is not accessibility-friendly and is difficult to navigate
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Steakhouse Financial
@steakhousefi
In brief, our views are quite straightforward: • Stablecoins merit a new approach • More innovation > getting the framework exactly right • Interest-bearing stablecoins are a no-brainer for more competition • Singleness of money = allowing issuers to deposit at BOE
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