UK government moves forward with regulatory framework on stablecoins for payments By Cointelegraph

UK government moves forward with regulatory framework on stablecoins for payments

The United Kingdom’s Economic and Finance Ministry has said it intends to amend its existing regulatory framework to incorporate stablecoins used as a means of payment.

In a Monday announcement, HM Treasury said certain stablecoins could potentially become “a widespread means of payment” for retail customers in the United Kingdom following a consultation with various organizations, universities and individuals that was begun in January 2021. The U.K. government body said it intended to “take the necessary legislative steps” to bring stablecoins into its regulatory framework, “primarily by amending existing electronic money and payments legislation.”

HM Treasury tweet misidentifying , , , Ether and Zcash as stablecoins

Continue Reading on Coin Telegraph

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source link

Source link

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button