16h ago
UK TO FINALIZE STABLECOIN REGULATIONS BY 2026
The UK government plans to complete its stablecoin regulatory framework by 2026, aiming to align with the pace of US crypto policy developments.
Officials say the move is intended to strengthen the UK’s position as a global hub for digital finance while ensuring oversight of crypto-backed payment systems.
Source: @Cointelegraph
23/10/2024
CIRCLE PREDICTS UK STABLECOIN LAWS COMING SOON
Circle’s Dante Disparte forecasts that the UK will introduce stablecoin legislation in “months, not years.”
He believes the UK’s cautious regulatory approach has been wise, especially following major crypto collapses like FTX.
However, he warns that delaying stablecoin rules could hinder innovation and job creation.
As the EU and Singapore move ahead with their regulations, Disparte emphasizes the need for the UK to catch up, highlighting potential benefits like real-time payments and the digitization of the British pound.
Source: CNBC
7.53K
11
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.