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UK Government Rolls Out Final Proposals for Stablecoin Regulation
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The United Kingdom has released proposals for a stablecoin framework alongside wider industry regulations in a bid to position the country as an investment destination and to protect users.
In an Oct 30 release, His Majesty’s Treasury published a set of guidelines for regulating ‘fiat-backed stablecoins’ amid calls for global regulation following wider scrutiny in the markets.
In recent times, calls have been made for the UK to release an official statement on stablecoin usage and incorporate these assets into the financial system to encourage cross-border payments.
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