Economic Secretary JohnGlen Announced, Stablecoins To Be Included In The UKPayments Regulation

📣 Economic Secretary #JohnGlen Announced, #Stablecoins To Be Included In The #UKPayments Regulation

👉 The #UKgovernment moves forward with regulatory framework on stablecoins for #payments.

👉 #EconomicSecretary of the Treasury, John Glen, said that “If #crypto technologies are going to be a big part of the future, then we, the U.K., want to be in — and in on the ground floor.”

👉 #Government plans to amend the existing laws of #electronicmoney and #paymentslaws to accommodate stablecoins in the regulatory framework.

👉 #UK further plans to regulate a vast set of digital assets for national & international usage & also implement #taxpolicies.

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