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Cryptocurrencies

Asked by Mark GarnierConservativeTreasuryTabled Answered 14 May 2025UIN 51116

The question

To ask the Chancellor of the Exchequer, whether qualifying stablecoin issuers will be subject to (a) capital and (b) liquidity requirements under the provisions in the draft Financial Services and Markets Act 2000 (Regulated Activities and Miscellaneous Provisions) (Cryptoassets) Order 2025.

Answered by Emma Reynolds

The Government’s forthcoming regime for cryptoassets will provide the Financial Conduct Authority with the necessary powers for effective regulation of cryptoassets, including the ability to set prudential capital and liquidity requirements for UK stablecoin issuers and other regulated cryptoasset service providers.

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