Stablecoins have a new name in Great Britain: Law Decoded, Oct. 24–31 By Cointelegraph
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Stablecoins have a new name in Great Britain: Law Decoded, Oct. 24–31The first full week under the leadership of the newly-elected Prime Minister Rishi Sunak saw a major landmark for crypto regulation in the United Kingdom. The Financial Services and Markets Bill, made public on Oct. 25, aims to enhance the U.K.’s position as a “global leader in financial services” — but what is more important is that it contains some new definitions for crypto products.
The bill moves stablecoins from the category of crypto assets to digital settlement assets (DSA) — a new category marked by its potential “to develop into a widespread means of payment.” It’s yet to be seen what regulations the DSA will be subject to and if this change of status will guarantee them a green light for adoption. But, even that scope of change brings optimism.
Singapore intends to ban cryptocurrency credits
An agreement on adoption between Lugano and El Salvador
Yet another lawsuit for troubled Do Kwon
Continue Reading on Coin Telegraph
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Stablecoins have a new name in Great Britain: Law Decoded, Oct. 24–31The first full week under the leadership of the newly-elected Prime Minister Rishi Sunak saw a major landmark for crypto regulation in the United Kingdom. The Financial Services and Markets Bill, made public on Oct. 25, aims to enhance the U.K.’s position as a “global leader in financial services” — but what is more important is that it contains some new definitions for crypto products.
The bill moves stablecoins from the category of crypto assets to digital settlement assets (DSA) — a new category marked by its potential “to develop into a widespread means of payment.” It’s yet to be seen what regulations the DSA will be subject to and if this change of status will guarantee them a green light for adoption. But, even that scope of change brings optimism.
Singapore intends to ban cryptocurrency credits
An agreement on adoption between Lugano and El Salvador
Yet another lawsuit for troubled Do Kwon
Continue Reading on Coin Telegraph
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