The UK publishes final rules for the regulation of cryptocurrencies and stablecoins, with plans to introduce legislation on fiat-backed stablecoins i
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.
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.
You may also like
Bitget Has Completed the Mines of Dalarnia (DAR) Token Swap and Rebranding to Dar Open Network (D)
HeLa Space Revolutionizes On-Chain Asset Management in Partnership with Aspis Protocol
Analyst Predicts Major Altcoin Surge After Bitcoin’s Post-Halving Cycle
Oklahoma proposes legislation to allow state workers and vendors to be paid in Bitcoin
Share link:In this post: Oklahoma Senator Dusty Deever has proposed the Bitcoin Freedom Act bill. The bill seeks to shield Oklahomans’ wages from inflation. Other states, such as Louisiana and Detroit, use cryptocurrency for government services.
Trending news
MoreCrypto prices
More
