Section 3ZA(6)

The following are excluded from being a stablecoin— a specified investment cryptoasset, other than one specified by the following articles of the Regulated Activities Order— article 74A (electronic money); article 88F (qualifying cryptoassets); electronic money; currency of the United Kingdom or any other country or territory, including a central bank digital currency; a cryptoasset that— cannot be transferred or sold in exchange for money or other cryptoassets, except by way of redemption with the issuer, and can only be used by the holder— to acquire goods or services from the issuer, or to acquire goods or services within a limited network of service providers, which have direct commercial agreements with the issuer.

← 5 · All articles · 7 →

Source: legislation.gov.uk · retrieved 2026-09-04