UK’s financial payments network is ready for tokenization, regulators say

CoinDesk Staff

(12:00 PM UTC)

1 min read

The U.K.’s financial watchdog and central bank unveiled their roadmap for tokenization, the use of stablecoins for institutional settlement and a phased transition toward 24/7 operation.

The Bank of England (BOE) and the Financial Conduct Authority (FCA) set out their approach to tokenization and its use in U.K. financial markets and said they are seeking public feedback on the proposal.

In a…

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