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The UK has a new name for stablecoins and a new bill to regulate crypto

Published 10/26/2022, 06:46 AM
Updated 10/26/2022, 08:20 AM
The UK has a new name for stablecoins and a new bill to regulate crypto

The United Kingdom moved forward on the Financial Services and Markets Bill on Oct. 25, hardening its vision for Bitcoin (BTC) cryptocurrency and “digital settlement assets” in the country.

The Bill, proposed on Oct. 18, suggested would propose “A range of measures to maintain and enhance the U.K.’s position as a global leader in financial services, ensuring the sector continues to deliver for individuals and businesses across the country.”

Rishi Sunak was a supporter of the first 'royal mint NFT' which has yet to materialise. Source: HMRC

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