UK plans payments rule changes for stablecoins, tokenized deposits

UK plans payments rule changes for stablecoins, tokenized deposits

5.71%LINK$9.35 0.47%DOGE$0.09441 0.87%ADA$0.2464 1.01%BTC$75,630 0.67%XLM$0.1786 3.24%SOL$85.36 0.62%XRP$1.42 0.25%BCH$446.32 0.75%ETH$2,308 0.78%HYPE$39.57 4.37%TRX$0.3316 1.01%BNB$630.26 0.00%USD Written by Helen Partz,Staff WriterReviewed by Bryan O'Shea,Staff EditorUK plans payments rule changes for stablecoins, tokenized deposits3 hours agoThe UK government plans a stablecoin and tokenization rules overhaul, appointing former FCA official Chris Woolard to support work on its digital markets strategy. The United Kingdom is revisiting its payments rulebook to support the adoption of new fintech and payment technologies such as stablecoins and tokenization. In a Tuesday announcement, HM Treasury and Economic Secretary to the Treasury Lucy Rigby said the government will consult on reforms for payment services and electronic money rules. The Treasury said the changes are meant to create

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