The UK will announce the regulatory framework for cryptocurrencies and stablecoins in early 2025
According to Bloomberg, UK Treasury Economic Secretary Tulip Siddiq stated that the UK plans to announce a regulatory framework for the cryptocurrency industry before early next year. These rules will apply to stablecoins and collateral services. According to these plans, the existing payment service regulations in the UK will no longer consider stablecoins as they are not suitable based on their "current use cases".
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