UK drafting stablecoin regulations and researching a CBDC
Cointelegraph
Published Nov 10, 2020 12:03AM ET
Updated Nov 11, 2020 02:00AM ET
The Treasury Department of the United Kingdom has revealed it is drafting proposals to regulate private stablecoins while also researching central bank digital currencies, or CBDCs, as an alternative to cash.
In an announcement published on Nov. 9, U.K. Treasury Chancellor Rishi Sunak noted the forthcoming regulatory proposals alongside other goals for the country’s financial services industry — including a review of the U.K.’s listings regime and support for green finance.
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Written By: Cointelegraph
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