The collapse of the $60 billion Terra ecosystem is bound to create some impact to crypto regulations worldwide. Among the first to respond to the calamitous event is the Treasury of the United Kingdom, which proposed a new set of regulatory changes for the stablecoin industry to counter stablecoin failure risks. Her Majestys Treasury, also known as the Exchequer, published a new consultation paper Tuesday proposing regulatory changes for the countrys stablecoin industry. While the Treasury recognized the importance of stablecoins, it also pointed out its potential to negatively impact...
source: https://tokenpost.com/UK-Treasury-proposes-crypto-regulations-amendments-to-manage-potential-risks-associated-with-stablecoin-failures-9632
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