📣 The U.K. is expected to introduce stablecoin regulations in “months, not years,” says Dante Disparte, @Circle USDC 's global policy chief.
He noted that while the U.K.'s cautious approach may have been wise after events like the FTX collapse, there's now urgency to act to avoid missing out on innovation and job creation 👀
#UKRegulations #Stablecoins #StablecoinRegulations #UK #TrendingTopic

🏦 Bank of England stresses the need for clear regulations on self-custodial wallets in stablecoin commercialization. 💼 Concerns about money laundering and terrorism financing. 👛 Equal consumer protection for wallet providers sought. 🇬🇧 UK regulatory framework for stablecoins under development. 📜 #StablecoinRegulations #BankOfEngland 👥

🌐 The Basel Committee, representing central banks and regulators from major developed countries, is set to discuss revisions to stablecoin regulations, aiming to include stablecoins in Group 1 under Basel's risk-weighted capital requirements. Continuous monitoring of banks' cryptocurrency custody activities and potential additional measures will also be on the agenda. 🏦💱 #BaselCommittee #StablecoinRegulations