Discussion paper – Regulating cryptoassets Phase 1: Stablecoins

 

The DTIF and its Product Advisory Committee responded to the UK Financial Conduct Authority (FCA) discussion paper DP23/4 to help develop its regime for fiat-backed stablecoins including when used as a means of payment. 

 

The DTIF’s response outlines how the use of the ISO 24165 Digital Token Identifier (DTI) standard supports various proposals set out in the paper on record-keeping, communicating information, client disclosures and statements, and operational resilience through (i) the classification of DLT networks and digital tokens and (ii) the assessment of risks associated with cryptoasset technology.

 

See the full response here.