UK FCA-registered BCP launches British pound stablecoin
BCP Technologies CEO says its new British pound-backed stablecoin tGBP might be considered a “live proof-of-concept for future FCA stablecoin regulation.”
BCP Technologies, a United Kingdom-registered cryptocurrency firm, has launched a new British pound-backed stablecoin following a 14-month review in the Financial Conduct Authority’s (FCA) regulatory sandbox.
The company announced the rollout of its Tokenised GBP (tGBP) stablecoin in an announcement shared with Cointelegraph on June 3.
TGBP is now live on BCB Technologies-operated crypto trading platform, BCP Markets, and is available to customers who pass Know Your Customer checks, with major exchanges expected to list tGBP in the coming weeks.
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