Member Info for AimHigherStill

How's that averaging up temptation going 188?

Lols.

Just short of 15m for me Jack. Average 0.758p 👍

Maybe, you know the one who shouts how he's got more shares than me...... obviously not knowing how many shares i hold. Weak.

Then the merry crew when they 'are tempted to average up'. Can't wait let's go....

Onwards to 5p!

When all the big players on this board start doing what they say they are going to do Splatted, 2p in a flash eh.......?

Pmsl.

Wow look at all the buys and 'top ups' from people from this board..... amazing

123

Lol.

9

payments. The government wishes to accommodate fiat-backed

stablecoins not issued in or from the UK (“overseas” stablecoins) for use

in UK payments for goods and services in the real economy. The

government and FCA will engage industry ahead of legislation on

options for doing this safely. The government would like to explore the

workability of an approach whereby the arranger of the payment (i.e.

the entity who facilitates the individual or merchant to pay or be paid

using an overseas stablecoin within the chain) is authorised by the FCA

and is responsible for ensuring the overseas stablecoin used by it in a

payment chain meet FCA standards for use in UK payments.

2.7 Under the proposed secondary legislation, the FCA will be able to

make appropriate rules for the issuance and custody of fiat-backed

stablecoins issued in or from the UK, as well as to make rules relating to

what arrangements need to be in place for fiat-backed stablecoins

within scope to be used in UK regulated payment chains. Until the

wider regime for regulation of cryptoassets comes into place in phase 2,

the scope of the regime will not cover stablecoins used in the buying

and selling of cryptoassets on exchanges.

2.8 Other types of stablecoins (for instance, non-fiat backed

stablecoins) or unbacked cryptoassets will still be allowed to be used in

payment chains, but these transactions will remain unregulated. This is

because HM Treasury judges that they are currently unsuitable for use

in regulated payments. In order to ensure clear messaging for

consumers, HM Treasury and FCA are considering the rules around

disclosures to ensure that consumers are adequately informed of

cryptoassets that remain unregulated for the use of payments in the

UK. HM Treasury and the FCA will continue to consider the

communication of promotions for fiat-backed stablecoins and

custodians.

2.9 When the wider regime for the regulation of cryptoassets comes

into place in phase 2, the regime set out here will remain established

and not be replaced. However, there will also be an expansion of the

custody activity in the RAO to cover the custody of a wider category of

cryptoassets coming into the regulatory perimeter, as well as the

creation of new regulated activities such as “operating a cryptoasset

trading venue” which will cover the buying and selling of cryptoassets

using cryptoassets (including stablecoins) on an exchange.

2.10 In addition to the FCA’s regulatory regime, the Bank of England

will have the ability to regulate systemic DSA payment systems and

service providers (including those using stablecoins issued both in or

from the UK or issued overseas), which will cover a wider category of

payments (including those on exchanges) to that proposed for the FCA

under the PSRs 2017 above. Similar powers are given to the PSR for DSA

payment systems. This is subject to HM Treasury recognition or

designa

Chapter 2

UK stablecoins

regulation

2.1 The regulatory landscape will bring certain (fiat-backed)

stablecoins within the remit of the Bank of England, Financial Conduct

Authority (FCA) and Payment Systems Regulator (PSR), which

altogether will aim to minimise potential for customer harm and

mitigate the conduct, prudential, and financial stability risks arising

from those stablecoins, particularly when used for payments. Those

regimes will be designed in line with the regulators’ statutory

objectives. As noted below, regulators will coordinate to create a

regulatory framework that is coherent and minimise the risks of

regulatory overlaps for firms.

2.2 With regard to the FCA’s regime, HM Treasury seeks to regulate

activities relating to stablecoins in two ways: firstly, by regulating the

use of fiat-backed stablecoins in payment chains; secondly, by

regulating the activities of issuance and custody of fiat-backed

stablecoins when issued in or from the UK irrespective of their uses (for

example whether they are used for payments, store of value or as a

settlement asset). Regulating activities relating to fiat-backed

stablecoins used for payments in this way will give consumers and

industry confidence over the use of stablecoin as a means of payment.

2.3 HM Treasury intend that the category of fiat-backed stablecoins

will be defined in legislation and capture those stablecoins which seek

to maintain a stable value by reference to a fiat currency, and hold (in

part or wholly) that currency as “backing”.

2.4 The use of fiat-backed stablecoins in payment chains will be

regulated through amendments to the Payment Services Regulations

2017 (PSRs 2017), which provide for the regulation of authorised or

registered payment institutions (PIs) and set the conditions for

providing payment services.

2.5 The activities of issuance and custody of UK issued fiat-backed

stablecoin will be included in the Financial Services and Markets Act

2000 (Regulated Activities) Order 2001 (“RAO”). This will enable the FCA

to make rules for firms conducting these activities. Firms wishing to

apply for authorisation to conduct either of those issuance or custody

activities will be subject to FCA rules and guidance as is usual for FCA

regulated activities.

2.6 Fiat-backed stablecoins issued in or from the UK by persons

authorised for the RAO issuance activity will be permitted for use in UK9

payments. The government wishes to accommodate fiat-backed

stablecoins not issued in or from the UK (“overseas” stablecoins) for use

in UK payments for goods and services in the real economy. The

government and FCA will engage industry ahead of legislation on

options for doing this safely. The government would like to explore the

workability of an approach whereby the arranger of the payment (i.e.

the entity who facilitates the individual or merchant to pay or be paid

using an overseas stab

In 6 months we will be saying we have some time to get to 6p before then.....

Lots of trading today and it rose 4% ish, like yesterday, it can continue like that for me please.

Truth hurts the skinny little man. Lol.

188, believe me, you have nothing I have to be rancour about lol.

Lol, 188, stop crying,you sound absolutely pathetic.

188, you made a particularly nasty post to me, it was taken down and rightly so, people in glass houses......

Yes and yes.

We've already had that Rns Made.

Amen.

Sprout, Im not bickering, some posters were complaining why the SP keeps getting smashed at a certain point, I was merely explaining why.

Nice 188, very classy, a bit 'over the top' though eh.......lols

Dodge the question 188. Good boy.

188, just looked over your posting history, to tell someone their knowledge is limited is hilarious, better off leaving it there as well i think. Is this an initiation test into 'the crew'. Good luck pal.