Regulacja Stablecoin priorytetem dla Wielkiej Brytanii
The control of the stablecoins is what the regulators of the largest countries are concerned about right now
Following the United States, the UK plans to give priority to the regulation of private stablecoins. The main task is to prevent the dominance of private individuals - issuers of cryptocurrencies in the market.
Private stablecoins, thanks to the support of the issuing company, can quickly take a leading position and supplant other cryptocurrencies. Such projects can become monopolists with all the ensuing consequences.
This is what scares regulators, forcing them to look for opportunities for total control of this sphere. We need to reduce the risks of competition. Therefore, as the authorities once again stressed, in the near future Britain will focus on the control of the stablecoins.