🇬🇧 The UK is implementing new regulations that allow them to work with overseas stablecoins! 💼🌍 These regulations will specifically target fiat-backed stablecoins used for payments. These new regulations, which will be overseen by the Bank of England, FCA and PSR, are designed to ensure customer protection and minimize potential risks. 😇

🔹 Companies authorized by the FCA in the UK will be allowed to cooperate with overseas stablecoins.

🔹 FCA is exploring options to enable the use of overseas stablecoins in UK payments.

🔹 The regulation and protection of fiat-backed stablecoins in the UK will be subject to FCA rules.

Do you think these regulations will have a positive impact on the cryptocurrency and blockchain industry? 🤔 We are waiting for your comments! 💬👇