British authorities develop measures to protect against a new collapse of stablecoins
The UK Treasury plans to empower the Financial Market Infrastructure Supervisor (FMI SAR) to oversee the safe return of funds in the event of a stablecoin crash. HM Treasury has proposed a new set of regulatory changes for the stablecoin industry. The report highlights the importance of this type of digital asset in innovation and notes the ability to influence financial stability in the event of systemic failures. The Treasury has proposed making the FMI…
