The United Kingdom can look forward to clarity on cryptocurrencies. As reported by CNBC, Britain’s finance minister will be revealing plans for regulating the crypto industry in the coming weeks.
According to unnamed sources close to the matter, with details still being worked out, the new rules and guidelines are heavily focused on stablecoins, crypto assets pegged to the value of other assets.
The upcoming regulatory package has been discussed extensively with stakeholders and crypto firms, including the the Winklevoss brothers’ exchange, Gemini, the issuer of the Gemini dollar (GUSD), a stablecoin pegged to the U.S. dollar.
Meanwhile on the other end of the English Channel, the European Union is breaking its head over its own crypto regulations.