UK Publishes Final Proposals for Regulating Stablecoins
Main page News, UK, Stablecoins, Regulations, Cryptocurrency
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Oct. 30, 2023

The British government has just published a document specifying the final rules for regulating the cryptocurrency sector.

According to it, the country's authorities plan to start next year with the regulation of fiat-backed stablecoins, and to continue with other digital assets in the future, thus carrying out a gradual introduction of the regulation.

The regulation of algorithmic stablecoins will reportedly follow after the government brings activities such as lending and trading into mainstream financial regulation.

UK Treasury minister Andrew Griffith has said he is "very pleased to present these final proposals for crypto asset regulation in the UK."

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