UK reveals hand with stablecoin announcement
By Lewis McLellan
The UK is setting itself up as a ‘global cryptoasset technology hub’, but what does this really mean? On 4 April, the government announced plans to bring stablecoins within regulation to pave the way for their use in the UK as a valid form of payment.
Chancellor of the Exchequer Rishi Sunak no doubt hopes that, thanks to his announcement, the UK will compare favourably with the European Union as an attractive destination for companies...