The House of Lords Financial Services Regulation Committee has opened a new inquiry into the growth of stablecoins and the UK’s proposed approach to regulating them, inviting written evidence from stakeholders. The inquiry is framed around assessing the opportunities and risks posed by stablecoin growth for the UK economy, the financial services sector and retail customers, and examining whether the Bank of England and Financial Conduct Authority’s proposed regulatory frameworks represent proportionate responses. Submissions are sought on how the global stablecoin market and issuance have developed since 2014 and how the UK compares with the US and EU, as well as how the sterling-denominated stablecoin market is expected to evolve, including user types, use cases and any existing rules affecting growth. The committee also asks for evidence on risks and opportunities, including potential disruption to monetary policy and traditional financial intermediaries, financial crime considerations, impacts on the statutory objectives of the Bank of England, Prudential Regulation Authority and FCA, and the implications of the proposed regimes for systemic and non-systemic stablecoins in the UK and internationally. The deadline for written evidence is 23:59 on Wednesday 11 March 2026.
UK Parliament 2026-01-29
UK Parliament’s House of Lords Financial Services Regulation Committee launches inquiry and call for evidence on stablecoin growth and proposed UK regulation
The House of Lords Financial Services Regulation Committee has launched an inquiry into stablecoins and the UK's regulatory approach, seeking written evidence from stakeholders. It will assess opportunities and risks to the UK economy, financial services, and retail customers, and evaluate proposed regulatory frameworks by the Bank of England and Financial Conduct Authority. Submissions should address the global stablecoin market, the UK's position relative to the US and EU, and impacts on monetary policy and financial intermediaries.