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The UK has a new name and bill for stablecoins. By Cointelegraph

The UK has a new name to stablecoins, and a new bill to regulate cryptocurrency

On Oct. 25, the United Kingdom pushed ahead with the Financial Services and Markets Bill, hardening its vision for (BTC) cryptocurrency and “digital settlement assets” in the country.

The Bill, proposed on Oct. 18, suggested would propose “A range of measures to maintain and enhance the U.K.’s position as a global leader in financial services, ensuring the sector continues to deliver for individuals and businesses across the country.”

Rishi Sunak supported the first ‘royal mint NFT’ but it has yet to materialize. Source: HMRC