Stablecoin: New crypto regulation approved in the UK
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Yesterday, King Charles III signed into law the UK bill that gives regulators the power to oversee stablecoin and crypto. The bill had already been approved by Parliament, so the King’s signature effectively made it a law of the land. Regulation: the new crypto and stablecoin bill The UK government’s official press release states that the Financial Services and Markets Bill will give the UK economy a “rocket boost” by enabling the creation of an open, sustainable and technologically advanced financial services sector. The new law, known as the Financial Services and Markets Act 2023, is a key step in
Hong Kong has officially passed a new law focused on stablecoin assets, putting the city ahead in the global crypto race. This bold step shows Hong Kong is committed to becoming a leading crypto-friendly financial center. While the U.S. is still debating its stablecoin rules, Hong Kong’s Legislative Council has…