# The Payment Services Regulations 2017, Paragraph 4


The activity specified by article 9M of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 (issuing qualifying stablecoin) does not constitute a payment service.

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Source: https://www.legislation.gov.uk/uksi/2017/752/schedule/1/paragraph/4 (the official version)
Page: https://openlegislation.uk/payment-services-regulations-2017/schedule-1/paragraph-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.