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U.K. Looking at Broad Digital Currency Regulations, Will Start with 'Stablecoins'

The U.K. Treasury announced it will begin to sanction and regulate “stablecoins” as part of an effort to bolster confidence in cryptocurrencies and strengthen the region’s reputation as a digital payments hub. So reports the BBC.

TetherAdditionally, the Treasury said it is also considering developing regulations on a wide range of other digital currencies, but it was not specific on which ones it might target. Tether and Binance USD are two popular coins that could be included in regulatory action.

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