The UK Ministry of Finance has announced that it plans to regulate existing rules in case a major stablecoin like TerraUSD crashes again.
According to the statement made by the UK on May 31, a major stablecoin like UST will have more rules in case of collapse plans to regulate.
The developments of the new regulation in the growing crypto money market trying to follow It is said to be an indicator.
The British Ministry of Finance said in a statement:
Appropriate regulation is needed to mitigate risks to certain stablecoins, events in cryptocurrency markets, market integrity and financial stability.
said.
The ministry says enough of the collapse of Terra, one of the biggest cryptocurrencies, cryptocurrencies, an unregulated industry on you raises concerns told.
Also, for their failed stablecoins on the need to increase the payment when indicating work in progress There will be new rules for companies as well. explained.
After the collapse of the Chinese government, Terra (LUNA) and TerraUSD (UST), cryptocurrencies andthat e-stablecoins could impose tighter regulations It is said to give signals.
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