The UK government plans to release regulations on the cryptocurrency market.
All of this is done to control the flow of digital currency funds.
Four sources told CNBC International that the rules will focus on a type of token known as a stablecoin. They say this regulation will tend to benefit the industry by providing legal clarity for a sector that has so far been largely under-regulated.
And UK Treasury Secretary Rishi Sunak is also expected to make an announcement in the next few weeks about a new regulatory regime for cryptocurrencies.
In your opinion does this become one of the new supports for the development of bitcoin in the future?
If you focus on Stablecoin then where is the contribution that really focuses on Bitcoin? After all, the government only wants to control the flow of funds coming in and going out. While the financial flows are still the same, the difference is only digital-based fiat money. As we know the CBDC, then the role of Bitcoin or other cryptocurrencies does not indicate the freedom of transactions in the market.All of this is done to control the flow of digital currency funds.
Four sources told CNBC International that the rules will focus on a type of token known as a stablecoin. They say this regulation will tend to benefit the industry by providing legal clarity for a sector that has so far been largely under-regulated.
And UK Treasury Secretary Rishi Sunak is also expected to make an announcement in the next few weeks about a new regulatory regime for cryptocurrencies.
In your opinion does this become one of the new supports for the development of bitcoin in the future?