Following Brexit, the UK asks crypto industry about rules for cross-border stablecoins

Following Brexit, the UK asks crypto industry about rules for cross-border stablecoins


Her Majesty’s Treasury requests and requires the crypto industry’s input on prospective regulation.

In a Jan. 7 announcement of open consultation, the United Kingdom’s finance policy department is asking the crypto community to weigh in on a series of proposals: “The government invites views from a wide range of stakeholders, and particularly firms engaged in cryptoasset activities.” 

While Brexit formally came into effect early last year, New Year’s Eve was the end of freedom to work and live between the UK and the EU. The question lingers in today’s consultation as to how much the nation’s crypto rules should follow those of other nations. The consultment asks stakeholders: “What are your views on the extent to which the UK’s approach should align to those in other jurisdictions?” Even further, there is proposal to require UK registration for all firms marketing stablecoins to people in the UK:

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“Due to the digital, decentralised and cross-border nature of stable tokens, the government

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