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

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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