Agant Secures FCA Registration for Upcoming GBPA Stablecoin

Stablecoin issuer Agant has announced its registration with the UK's Financial Conduct Authority (FCA) for crypto asset business operations. According to Foresight News, this registration is in preparation for the launch of its pound-backed stablecoin, GBPA. The registration, granted under UK anti-money laundering regulations, allows Agant to issue the GBPA stablecoin, which will be fully backed by the British pound and pegged at a 1:1 ratio. The stablecoin is primarily targeted at institutional users.