Agant registers with U.K. FCA ahead of British pound stablecoin debut

Stablecoin issuer Agant won registration as a cryptoasset business with the U.K.’s Financial Conduct Authority (FCA), marking a regulatory milestone as it prepares to introduce a pound-denominated stablecoin, the company said in a press release Wednesday. The registration, granted under the country's money laundering regulations, positions the firm to issue GBPA, a fully backed sterling stablecoin designed for institutional use. Stablecoins, digital tokens typically pegged to fiat currencies or other re ...