Rishi Sunak, UK Finance Minister; In his statements on Monday, he drew a roadmap for how stablecoins will be regulated legally.
According to the official statement made by the Ministry of Finance today, stablecoins, a legally valid form of payment will be known as
With this move, the Ministry A global hub for crypto-asset technology and investment aims to make
Finance Minister Sunak, in his statements on the subject, “My aim is to make the UK a global hub for crypto asset technology. The steps we’ve announced today, the companies in this field Help them invest and innovate and grow in the UK” said.
In line with this goal; stablecoin issuers and service providers A legal framework will be created that will allow it to operate in the UK.
The government also wants to contribute to the growth of the cryptocurrency market in the UK. create a competitive tax system is planning.
According to the Ministry’s statement In addition, the British Mint will create a non-fungible token (NFT) in the summer..
The FCA, which oversees the UK’s financial markets, is also today talking to stakeholders in the cryptocurrency industry about the future of the industry. share their opinions called for.