BCP Technologies, a UK-based cryptocurrency company, has introduced a new stablecoin backed by the British pound. The Tokenised GBP (tGBP) stablecoin has been launched on BCP Technologies' crypto trading platform, BCP Markets, and is accessible to customers who pass KYC checks. Major exchanges are expected to list tGBP soon. The CEO mentioned ongoing discussions with two large exchanges. This launch coincides with the UK FCA's public consultation on stablecoin regulations. BCP Technologies aims to comply with future FCA regulations and plans to back tGBP with UK government bonds. The stablecoin is fully backed by cash in a segregated bank account and is initially issued on the Ethereum blockchain. BCP Technologies, previously known as BitcoinPoint, has been an FCA-registered crypto service provider since 2021. The tGBP stablecoin targets various use cases and aims to simplify blockchain transactions with a GBP denomination. Read more AI-generated news on: https://app.chaingpt.org/news

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