UK Government releases plan to turn nation into a global crypto asset technology hub
The United Kingdom unveiled a detailed strategy to harness the power of cryptocurrency assets and blockchain technology to help the process of making payments for customers.
Financial services minister John Glen stated that Britain will pass legislation to bring some stablecoins under the regulatory framework, such as to observe existing payment rules.
The government believes that all stablecoins that reference a fiat currency should be regulated.
Sunak said that he wanted to make the UK a global powerhouse for crypto asset technology.
Source
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