ChainCatcher news, according to Bloomberg, the British government will announce its plan to regulate the cryptocurrency industry this month, trying to cope with the attraction of the United States led by Donald Trump to the cryptocurrency industry, and strive to reassure companies about their prospects in the UK.

People familiar with the matter said that the UK Treasury plans to introduce two pieces of legislation on stablecoins, as well as exemptions for cryptocurrency providers to exclude so-called pledge services from current financial regulations.

After Trump won the election, the cryptocurrency industry celebrated the victory, driving up the prices of assets including Bitcoin, and the UK decided to advance cryptocurrency regulation. For the UK, the risk is that startups may choose other jurisdictions, such as the United States, because the rules there are clearer or more favorable.