A proposal is currently in view from the UK treasury department to check and regulate private stablecoin.
There are also in the research phase for central bank digital currencies to serve as an alternative to physical cash. The treasury chancellor of the United Kingdom revealed their plans on the 9th of November and discussed other UK goals for the finance world.
Major updates
- England’s central bank and treasury are researching CBDC.
- The UK treasury department wants to review the UK listing regime.
- Stablecoin to face the same scrutiny as existing payment providers.
This news is coming during the week when negotiations are going between UK and EU over how trades will be made post-Brexit. This is a new phase for the UK financial service, and it is a big way to make the market regulated.
