UK Government confirms they will regulate stablecoins followin | Uptrend ~Signals

UK Government confirms they will regulate stablecoins following the collapse of $LUNA and $UST.

The British Treasury Department has affirmed its commitment to regulate stablecoins after the collapse of terrausd (UST) and terra (LUNA). “This will create the conditions for issuers and service providers to operate and grow in the U.K., whilst ensuring financial stability and high regulatory standards,” said an HM Treasury spokesperson.