Global #United Kingdom

According to Dante Disparte, Chief Strategy Officer and Head of Global Policy at stablecoin issuer Circle, the United Kingdom is poised to introduce formal regulations for stablecoins in the coming months.

The prosecution of Olumide Osunkoya marks a pivotal moment in the United Kingdom's approach to cryptocurrency regulation. This case is notable as it represents the first prosecution under new money laundering and terrorist financing regulations, reflecting the authorities' intensified scrutiny of the crypto sector.

In a significant move to protect the burgeoning NFT industry, the Digital Chamber advocacy group has urged the U.S. Congress to enact legislation that would classify non-fungible tokens (NFTs) as consumer products rather than securities.

As cryptocurrencies gain prominence, countries around the world are enacting diverse regulations to address the risks and opportunities of digital assets.

Revolut, the renowned fintech firm known for its crypto-friendly services, has achieved a significant milestone by securing a banking license from the United Kingdom’s Prudential Regulation Authority (PRA).

Gabor Gurbacs, a strategic advisor at Tether, which issues USDT, highlighted Bitcoin's capacity to transform the way central banks manage and safeguard national reserves. He cited India's logistical difficulties with gold as a notable illustration of this potential.