Financial Services and Markets Act

It is reported that Vicky Saporta, Executive Director of Prudential Policy of the Bank of England, said in a speech on Monday that the Prudential Regulatory Authority (PRA), which is responsible for supervising British banks, is planning to propose rules on the issuance and holding of digital assets. The UK is trying to strengthen its attitude towards cryptocurrencies, including stable currencies and other digital settlement assets that may pose risks to financial stability. Once the Financial Services and Markets Act becomes law, the authorities will have the right to regulate…