This headline is a deliberate distraction and burying of the lede. The full announcement: ---- - Stablecoins to be brought within regulation paving their way

This headline is a deliberate distraction and burying of the lede. The full announcement: ---- - Stablecoins to be brought within regulation paving their way for use in the UK as a recognised form of payment. - Announcement part of a series of measures to make the UK a global hub for cryptoasset technology and investment. - Measures include legislating for a ‘financial market infrastructure sandbox’ to help firms innovate, an FCA-led ‘CryptoSprint’, working with the Royal Mint on an NFT, and an engagement group to work more closely with industry. This is part of a package of measures to ensure the UK financial services sector remains at the cutting edge of technology, attracting investment and jobs and widening consumer choice. It includes: - introducing a ‘financial market infrastructure sandbox’ to enable firms to experiment and innovate, - establishing a Cryptoasset Engagement Group to work more closely with the industry, - exploring ways of enhancing the competitiveness of the UK tax system to encourage further development of the cryptoasset market, - and working with the Royal Mint on a Non-Fungible Token (NFT) this summer as an emblem of the forward-looking approach the UK is determined to take https://www.gov.uk/government/news/government-sets-out-plan-to-make-uk-a-global-cryptoasset-technology-hub https://www.gov.uk/government/news/government-sets-out-plan-...