A proposed bill could give U.K. regulators new powers over payments-focused crypto assets like stablecoins. Details on how the rules might be interpreted by financial watchdogs are pending. iamsandali camomileshumba report
UK Markets Bill Extends Banking Rules to Crypto Assets
“By bringing stablecoins within the scope of regulation, the bill paves the way for further adoption in the U.K., and this will be a key area of focus for parliamentarians as part of our inquiry into the wider sector,” she added.Blair Halliday, managing director of the U.K. for Gemini, a crypto exchange and custodian, called the legislation a “positive move that recognizes the significant role that these assets will play in our economy and financial system in the future.
“You might be forgiven for thinking that if they've put something in place for what happens at the end … That means they've already worked out what happens at the beginning. But they're doing it the other way around,” Nyman said. The U.K. government’s planned discussions on wider digital assets including bitcoin for later this year will be crucial in understanding where it really stands on crypto-friendliness, Nyman said.
“The BoE will need to authorize any stablecoin, and there are due processes that firms will need to follow before being given authorization,” the PSR told CoinDesk in an emailed statement.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
California power grid declares Flex Alert for Wednesday, asks for electricity conservationA statewide Flex Alert will be in effect from 4 p.m. to 9 p.m. Wednesday, urging residents to voluntarily cut back on power use to avoid strain on California's electrical grid.
Weiterlesen »
When is The Lord of the Rings: The Rings of Power streaming on Prime Video?Amazon revealed that the first two episodes of The Lord of the Rings: The Rings of Power will debut on September 1 at 9 p.m. EDT.
Weiterlesen »
Tucker Carlson: The Mar-a-Lago raid was a power grab.TuckerCarlson: The Mar-a-Lago raid was a power grab
Weiterlesen »
Two separate fires knock out power in BrisbaneNo injuries or damage to property was reported.
Weiterlesen »
Apple supplier BOE, others say production hit by Sichuan power rationingApple supplier BOE Technology Group Co Ltd will 'make adjustments' at its operations in Sichuan due to power rationing in the region, it said in a stock market filing on Tuesday.
Weiterlesen »
California's main power grid operator asks public to cut usage on Wednesday due to high heatCalifornia's main power grid operator asks public to cut usage on Wednesday due to high heat [Breaking]
Weiterlesen »