Financial Services Financial Services

Stablecoins face prudential and conduct rules from UK; Bitcoin would escape full oversight

By Fiona Maxwell
  • 07 Jan 2021 11:59
  • 23 Feb 2021 08:58
Stablecoins such as the Facebook-led Diem, formerly Libra, could soon be subject to regulation including capital and liquidity requirements alongside conduct and financial crime measures, a new UK finance ministry consultation indicates.

Cryptocurrencies such as Bitcoin look set to escape full regulatory oversight as the government said today that the use o

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Fiona Maxwell

Senior Correspondent


Fiona Maxwell is a financial services senior correspondent at MLex in London. She began her career as a reporter for Risk.net, writing about EU post-crisis regulation, and later worked for POLITICO in Brussels, covering the intersect between financial policy and politics. Prior to joining MLex, Fiona worked at the Bank of England as a policy adviser in the prudential policy directorate.

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