UK drafting stablecoin regulations and researching a CBDC

November 10, 2020

The United Kingdom has announced forthcoming regulatory proposals for stablecoins and ongoing research into CBDC. 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…
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