United Kingdom Aims to Establish Regulatory Environment for Stablecoin Payments.
The United Kingdom HM treasury is committed to establishing a safe framework for the use of stablecoins. The FSM Bill plans to regulate crypto assets. Majesty’s treasury which is the government’s economic and financial treasury.
Further, the government wants to empower the Financial Conduct Authority (FCA) through regulations. FCA would take measures like restricting foreign companies and limiting crypto advertising. They plan to protect consumers from fraud, mismanagement, and false advertising with regulations. But, the community believes that the restriction on advertising will result in lower.
Source
https://t.me/Cash_Blockchain_News
