UK to apply regulations for stablecoins

UK Regulators are promoting a series of laws to strengthen the economy after Brexit

Regulators from the United Kingdom are promoting a bill in Parliament, which contemplates the implementation of a regulation for stablecoins as payment tools.

These laws are part of the Financial Services and Markets Act, which aims to strengthen the UK financial system after Brexit.

The government has repeatedly said that cryptocurrencies will play a role in the country’s broader post-Brexit strategy to increase economic competitiveness. In April, the UK Treasury, the government’s financial arm, announced a set of initiatives to help turn the country into a global crypto hub.

The announcement promised new rules that would allow consumers to use stablecoins for payments with confidence.

K. Tovar

Click the link to subscribe for free to our news and media group on Telegram:

Source: Diariobitcoin

You might also like