United Kingdom: Consultation on Modernisation of Payments Regulation

UK Treasury launches consultation on modernising payments regulation, proposing to move large parts of the payments and e-money regime into FCA rulebook model and accommodate stablecoins, tokenised payments, and Open Banking within a more flexible regulatory framework. If you're building in UK payments, tokenised assets, or stablecoins, the rules you're working around are about to move from statute to FCA handbook - faster to change, but also faster to tighten. File a response to this consultation by the deadline; what you say now shapes what you can build tomorrow.