Stablecoin

Coin

<ul class="news-points wp-block-list">
 <li>Circle’s Dante Disparte believes UK stablecoin regulations could be introduced within months.</li>
 <li>He stresses the importance of swift legislation to maintain competitiveness with regions like the EU and Singapore.</li>
 <li>Disparte also highlights the potential benefits of stablecoins for the UK’s financial innovation and economic growth.</li>
</ul>
Crypto firm Circle, the second-largest stablecoin issuer, is optimistic that the UK will introduce stablecoin regulations within “months, not years.” Dante Disparte, Circle’s global head of policy, shared this outlook during a recent <a href="https://www.cnbc.com/2024/10/23/uk-to-introduce-stablecoin-law-in-months-circles-dante-disparte.html" target="_blank" rel="noopener noreferrer nofollow">interview</a> with CNBC in London, highlighting the urgency for formal legislation in the burgeoning stablecoin market.
Disparte warned that without stablecoin regulations, the UK risks falling behind regions like the European Union and Singapore, which have already started implementing their own regulatory frameworks.
Reflecting on the UK’s cautious approach to crypto regulation, Disparte acknowledged the challenges faced by the industry in 2022, including the high-profile collapse of the FTX exchange, where stakeholders are still awaiting refunds in 2024. He noted that the UK’s delay in enacting str…
The post <a href="https://coinedition.com/uk-stablecoin-legislation-expected-in-months-not-years-says-circle-executive/" rel="noopener noreferrer nofollow">UK Stablecoin Legislation Expected in “Months, Not Years,” Says Circle Executive</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

UK Stablecoin Legislation Expected in “Months, Not Years,” Says Circle Executive

Coin Edition

Other articles published on Oct 23, 2024

US Elections Fuel Optimism in Crypto Markets as BTC Nears $69K

Crypto Market’s 4-Month Slump is Over! Retail Investor Demand Hits New Highs!

BIS Report Highlights the Impact of Tokenization on Central Banks and Financial Markets

CATS Game Season 2 Launch: Here’s What’s New

Trump’s radical tariff proposals could lead to higher interest rates, according to the IIF head

Top Altcoins JUP, TIA, and BEAM Gains Bullish Momentum: Key Levels To Watch

Join our free newsletter for daily crypto updates!