UK and Canada Follow US Lead, Pushing Forward with Stablecoin Regulation

The UK and Canada have recently announced their detailed plans for the regulation of stablecoins.

On the 6th, at the SALT Conference in London, Deputy Governor Sarah Breeden of the Bank of England stated that they would introduce a regulatory framework 'at the same pace as the United States'. As the stablecoin market reaches a size of $310 billion (approximately 48 trillion yen), she emphasized the importance of aligning UK and US regulatory efforts.

Deputy Governor Breeden revealed that the Bank of England would publish a consultation paper on the 10th, and that UK regulators are advancing discussions with US authorities. This statement was made following a September meeting with UK Finance Minister Rachel Reeves and Scott...