Regulatory regime for systemic payment systems using stablecoins in UK

[zasad@]

https://www.bankofengland.co.uk/paper/2023/dp/regulatory-regime-for-systemic-payment-systems-using-stablecoins-and-related-service-providers
Regulatory regime for systemic payment systems using stablecoins and related service providers
The Bank of England’s proposed regulatory regime aims to maintain confidence in money and payments – this is core to preserving financial stability

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I have not studied all these complex laws in detail, but I noticed a very interesting feature about the regulation of stablecoins in Europe.
The European Union and the UK have different visions for stablecoins.
MiCA is more hostile to stablecoins than new UK legislation
https://legalnodes.com/article/mica-regulation-explained