⚡️⚡️ UK Crypto Regulation in Focus as BOE Targets Stablecoins by 2024

In an ambitious move to position King King as a leader in the cryptocurrency sector, the government and the Bank of England (BOE) are introducing sweeping rules for stablecoins and digital currencies.

BOE's strategy is primarily focused on regulating stablecoins embedded in payment systems by early 2024. This approach is driven by the belief that stablecoins, typically linked to stable assets such as the British pound, pose less risk to the financial system compared to other cryptocurrencies.

Therefore, the BOE's regulatory framework is designed to maintain the sustainability of these digital currencies within significant payment infrastructures.