Stablecoins have a new name in Great Britain: Law Decoded, Oct. 24

FTX founder Bankman-Fried objects to tighter bail, says prosecutors 'sandbagged' him

Stablecoins have a new name in Great Britain: Law Decoded, Oct. 24–31

Cryptocurrency Oct 31, 2022 07:00PM ET

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Stablecoins have a new name in Great Britain: Law Decoded, Oct. 24–31

The first full week under the leadership of the newly-elected Prime Minister Rishi Sunak saw a major landmark for crypto regulation in the United Kingdom. The Financial Services and Markets Bill, made public on Oct. 25, aims to enhance the U.K.’s position as a “global leader in financial services” — but what is more important is that it contains some new definitions for crypto products.

The bill moves stablecoins from the category of crypto assets to digital settlement assets (DSA) — a new category marked by its potential “to develop into a widespread means of payment.” It’s yet to be seen what regulations the DSA will be subject to and if this change of status will guarantee them a green light for adoption. But, even that scope of change brings optimism.

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Stablecoins have a new name in Great Britain: Law Decoded, Oct. 24–31

Singapore intends to ban cryptocurrency credits

An agreement on adoption between Lugano and El Salvador

Yet another lawsuit for troubled Do Kwon

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