UK Treasury to create guidance on private stablecoin issuance

UK Treasury Develops guidelines for private stablecoin issuance. According to the regulator, Private stabiblcoins can affect the method of storage and exchange of money.

British regulator published a statement, According to which “New technologies, eg, Stebblecoins - private digital currencies - can change the way of storage and exchange of money by people, And they will make payments cheaper and faster ".

British Finance Minister Rishi Sunak (Rishi sunak) wrote on Twitter, that the regulator "publishes the leadership, To make sure, that the new private currencies - stablecoins - meet high standards, which are expected from other methods of payment ". According to him, This "will use the potential advantages of stablecoins, At the same time, controlling the risks for consumers and financial stability ".

According to the ministry, The Government and the Bank of England are still studying the issue of, "Can central banks release their own digital currencies as a complement to cash". State cryptocurrencies can compete with private stablecoins or help people go to non -cash calculation.

Recall, what, As the manager of the Bank of England said in September, Stebblecoins need global regulation. He also warned private issuers about that, that an international regulatory framework may appear soon.