The UK government is fully behind a stablecoin for wholesale payments and believes that is more likely to progress faster than a wholesale CBDC, griffitha told the CommonsTreasury. camomileshumba reports
The U.K. Treasury is launching a consultation on what issuing afor wholesale and retail payments will look like, but Griffith believes that the stablecoin will “get there first.
” Treasury will also issue a consultation on further regulating the crypto space in the coming weeks, something that lawmakers have been calling for following theDespite the FTX collapse, the U.K. government continues to have its eyes set on establishing that country as a crypto hub, said Griffith, and wants to allow space for this “potentially disruptive game changing technology that can challenge but also turbocharge all of those industries.
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