![Digital concept of graphs](https://www.nortonrosefulbright.com/-/media/images/nrf/blog/inside-fintech/digital-concept-graphs.jpg?revision=6b6ebfe6-574b-427f-aab3-a2b97d95acd7&revision=5249255527307387904)
FCA and BoE set out proposed approach to regulating stablecoins
November 08, 2023
On 6 November 2023, the Financial Conduct Authority (FCA) and Bank of England (BoE) published discussion papers on their proposed approach to regulating stablecoins, and the Prudential Regulation Authority (PRA) published a Dear CEO letter on innovative uses of deposits, e-money and stablecoins. The FCA, BoE and PRA also published a joint “roadmap paper” aimed at explaining how the proposed regimes interact and the regulators’ proposed approach for dual regulation.