TechFlow news — According to Cointelegraph, the UK Treasury recently released a statement saying it is drafting proposals to regulate private stablecoins and is also exploring the possibility of a central bank digital currency (CBDC) as an alternative to cash. While specific details remain unclear, the statement indicated that the draft would require stablecoin operators to meet the same minimum standards applied to other payment service providers. In early morning news, UK Chancellor Rishi Sunak said they will soon hold discussions with the European Union regarding stablecoins.
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