UK to split payments and lending in stablecoin rules from 2027
- —UKQS payments get a lighter regime, lending and swaps require FCA authorization
- —The UK's new crypto regime starts on October 25, 2027
- —£500 million and 500 staff over three years are allocated to fighting financial crime
- —Operation Atlantic traced $45 million in stolen crypto and froze more than $12 million
Why it matters: The UK is setting a model of split stablecoin regulation that will determine issuers' and exchanges' access to the UK market.
Source: Coin Edition