Speaking on the ‘Crypto Rebooted: 2021 and Beyond’ during day two of the IFGS conference, Barnaby Reynolds, global head of the Financial Services Industry Group, Shearman & Sterling, played down the significance of HM Treasury’s announcement yesterday regarding the regulation of stablecoin use in the UK. Read the full article on Finextra.
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Finextra: IFGS 2022: Stablecoin news sparks mixed response from crypto lawyers
The key factor in the UK though, Reynolds explains, is the question of how to deal with retail. The ban on crypto trading in the UK is where the controversy lies, as the retail market so strongly wants access.
