Treasury prepares to unveil new UK rules for crypto industry


The UK government is poised to reveal its regulatory plans for the crypto industry in the coming weeks with particular focus on stablecoins.

HM Treasury has held talks with firms including the crypto exchange Gemini, an issuer of a stablecoin tied to the price of the US dollar, CNBC first reported citing insider sources.

The UK’s Chancellor Rishi Sunak is expected to make the announcement which is being finalised. While the details of the announcement were not disclosed an insider told CNBC that the announcement is likely to be favourable for the crypto industry.


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