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The UK publishes final rules for the regulation of cryptocurrencies and stablecoins, with plans to introduce legislation on fiat-backed stablecoins i

The UK publishes final rules for the regulation of cryptocurrencies and stablecoins, with plans to introduce legislation on fiat-backed stablecoins i

CointimeCointime2023/10/30 10:15
By:Cointime

According to CoinDesk, the UK government released its final rules on cryptocurrencies and stablecoins on Monday. The government plans to introduce cryptocurrency regulation in stages, starting with fiat-backed stablecoins, and then adding other cryptocurrency-related areas including algorithmic stablecoins.The document states that legislation on fiat-backed stablecoins is planned to be introduced in early 2024.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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