The UK government’s Edinburgh Reforms emphasize the need for a regulatory framework that supports innovation and leadership in emerging areas of finance. Within this context, the Financial Services and Markets Bill (FSMB) will bring stablecoins and cryptoassets into the regulatory space, allowing stablecoins to be used as a means of payment. The Bank of England is also exploring the development of the digital pound and has published information on the feasibility of a retail central bank digital currency (CBDC). Similarly, the European Central Bank is expected to decide on the digital euro in the near future. Access the report here to learn more.