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July 1, 2022
Finance Technologies

UK Treasury calls for input on planned regulation of cryptoassets and stablecoins

The UK’s finance ministry had opened a consultation on the regulation of cryptoassets and stablecoins. The treasury notes the rise of stablecoins in its paper Her Majesty’s (HM) Treasury has released a document representing the “first stage” in a consultative process. It seeks views on “the benefits of new technologies, supporting innovation and competition, while mitigating risks to consumers and stability”. The document also asks participants to present evidence of wholesale uses of cryptoassets, and the “broader use of distributed ledger technology (DLT)” in markets. John Glen, MP and economic secretary to HM Treasury, says that two years on from…
UK Treasury calls for input on planned regulation of cryptoassets and stablecoins

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