Crypto firm Circle expects the UK to introduce stablecoin laws in ‘months, not years’

Key Points

Dante Disparte, Circle’s global head of policy, said that he sees the U.K. bringing in legislation for stablecoins, a type of cryptocurrency pegged to government currencies, soon.
“I think we’re within months, not years” of formal U.K. laws for the stablecoin market being introduced, Disparte told CNBC in an interview last week during a visit to London.
He added that the U.K. has some catching up to do with the European Union, which has begun enforcing regulation of stablecoins under its MiCa, or Markets in Crypto Assets, regulation.

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