UK Treasury Opens Consultation into Proposed Insolvency Regime to Manage Failure of Stablecoin Firms

June 9, 2022

On May 31, 2022, the UK Treasury announced a consultation on the government’s proposals to manage the failure of systemic digital settlement asset (“DSA”) (including stablecoin) firms by adapting the existing Financial Market Infrastructure Special Administration Regime (“FMI SAR”).

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