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Today the UK government published a 46-page consultation document inviting response on potential regulatory approaches for cryptoassets and stablecoins.
“The UK has long been recognised as a world-leader in financial technology. We are committed to maintaining this position,” said John Glen MP, Economic Secretary to the Treasury in the foreword.
“In practice, that means creating a regulatory environment in which firms can innovate, while crucially maintaining the highest regulatory standards so that people can use new technologies reliably and safely. This is essential for confidence in the financial system more broadly.”
The consultation runs until 21 March 2021.
This article will be updated shortly with highlights from the consultation.
Image Copyright: Andrii Sedykh / BigStock Photo
