Why the UK’s stablecoin pivot is a sign of regulatory credibility

Thomas Cattee, Partner and Head of White Collar Crime at Gherson Solicitors LLP, has published an opinion piece in GRIP titled “Why the UK’s stablecoin pivot is an example of regulatory credibility”.
In the article, Thomas discusses whether the UK can deliver “the one thing global financial markets value most: regulatory certainty”. He explores the Bank of England’s recent softer approach to aspects of its proposed framework for sterling stablecoins and explains why this may represent more than simply a response to industry pressure. According to Thomas, “the bigger story is not about crypto lobbying or regulatory retreat. It encompasses something more fundamental: the future credibility of UK financial regulation”.

The article also discusses the evolving approach of UK regulators towards digital assets, governance and compliance expectations. Thomas notes that “the next phase of UK crypto regulation will not be defined by whether firms are allowed to participate. It will be defined by whether they can demonstrate that their controls, governance, and risk culture deserve a place in a regulated market”.

Read more in the article: GRIP – OPINION: Why the UK’s stablecoin pivot is an example of regulatory credibility – Global Relay Intelligence & Practice.

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