The U.K. government is reportedly getting ready to reveal its plans to regulate crypto in the coming weeks. The rules may focus heavily on regulating stablecoins. iamsandal
U.K. finance minister Rishi Sunak will reportedly announce the government's plans for regulating crypto in the coming weeks.
The U.K. government is set to reveal its plans for regulating the crypto industry in the coming weeks, according toAlthough details are still being finalized, the regulatory regime will focus heavily on stablecoins which are cryptocurrencies fixed to the value of other assets, CNBC reported Sunday citing unnamed sources.
The U.K. Treasury Department has discussed the upcoming regulatory package with multiple crypto firms including Gemini, the issuer of stablecoin Gemini dollar , which is pegged to the U.S. dollar, according to the report.
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