Nikita Alexander

UK fintech funding has officially hit its lowest level in over a decade. According to fresh data from KPMG’s Pulse of Fintech report, total investment in UK fintech dropped by a massive 67% year-on-year. Total deal value plummeted from $13.8 billion to just $4.6 billion, sliding all the way back to funding levels not seen since the early days of the challenger bank boom. For founders, engineers, and IT security architects across the UK and US fintech corridors, the headline looks grim.

The global stablecoin industry is watching the UK this month as the House of Lords encourages the Bank of England (BoE) to publish productive rules around stablecoins. The Lords Financial Services Regulation Committee declared that the BoE’s proposed safeguards would impose tougher conditions on stablecoins than those that currently govern other forms of digital or traditional payments.

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