UK crypto industry representatives call for a national strategy for stablecoins, warning the country risks falling behind the US
Raluca Ioana Draghici
Economy
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In an open letter to the Minister of Finance, 30 representatives of the crypto industry, including from Coinbase and Kraken, emphasized the need for a national strategy for stablecoins. They argue that stablecoins should be considered an essential financial infrastructure, not a risk. Although the global market for stablecoins is valued at more than $280 billion, those linked to the pound have a capitalization of just £461,224. A well-defined strategy could strengthen London's position as a global financial center and generate tax revenues. But regulation remains a major challenge.
Sources
Firmele cripto cer Marii Britanii o strategie naţională pentru stablecoins, pentru a nu rămâne în urma SUA
Competiție uriașă pe piața cripto între puterile mondiale: Mare Britanie vrea să ajungă din urmă SUA
Firmele cripto cer Marii Britanii o strategie naţională pentru stablecoins, pentru a nu rămâne în urma SUA
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