eToro: It's time to regulate crypto - here's how to do it

Five key areas

clock • 3 min read

The Financial Services and Markets Bill is due to receive its first reading in the coming weeks. Once it begins to make its way through Parliament, it could be a watershed moment for the crypto sector in the UK.

The Bill is expected to deliver the first actual piece of regulation covering the UK's crypto market, focusing principally on stablecoins.  While we are yet to see the actual contents of the Bill, what is evident is that the government now intends to regulate stablecoins when they are used as a means of payment - an all-encompassing measure when you consider how and why they are used. Stablecoins are the lubricant that grease the wheels of the cryptoasset industry and market. They provide essential liquidity and fungibility to other cryptoassets while giving users, businesses an essen...

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