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The Daily Hodl
The Daily Hodl
UK Pushing To Regulate Stablecoins and Crypto Staking Within Six Months, Says Treasury Minister: Report - The Daily Hodl
about 6 hours ago
奔跑财经-FinaceRun
奔跑财经-FinaceRun
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This article briefly: •British Finance Minister Afolami said that the British government plans to formulate new stablecoin cryptocurrency rules within 6 months before the election. •The FCA has been cracking down on cryptocurrency companies, issuing 450 warnings for advertising breaches in the fourth quarter of 2023. •Afolami urges young people to invest in stocks like NatWest amid strict cryptocurrency regulations. The UK government appears to be considering an ambitious six-month timeline for implementing new regulations governing stablecoins and crypto-asset staking services. The move comes as the country prepares for the upcoming election, with lawmakers feeling the heat to come up with concrete proposals. UK ramps up enthusiasm for stablecoins and cryptocurrency staking Finance Minister for Economic Affairs Bim Afolami highlighted the government’s dedication to the cause at an industry event in London. "We're very clear that we want to get these things done as quickly as possible. I think within the next six months, these things are doable." This comes after the Treasury Department pledged last October to provide greater clarity on specific cryptocurrency sectors by 2024. The move is seen as a response to previous consultations on fiat-backed stablecoins and the enactment of the wider Financial Services and Markets Act. Elliptic expects these new rules to subject fiat-backed stablecoins and their issuers to existing payments laws. This will give the UK financial regulator certainty

about 22 hours ago
CoinQuest
CoinQuest
followers

Debunking Bitcoin's Imminent Surge to $70,000⚠️🤔 Many believe that the Bitcoin‬ coin will reach its highest level ever before the halving but there are way more exceptions for this to be true👇 Amidst fervent speculation surrounding Bitcoin's potential surge to $70,000 before the halving event, it's crucial to temper expectations and assess the feasibility of such a rally. Contrary to optimistic forecasts, achieving this milestone is unlikely for several reasons. Foremost, reaching $70,000 would necessitate a staggering $350 billion increase in Bitcoin's market value, surpassing the market caps of silver and the UK pound sterling. Such a monumental leap requires careful scrutiny of current market trends. While the excitement surrounding Bitcoin ETFs and their $5 billion net inflows hints at growth, it doesn't guarantee an imminent price explosion. Additionally, while expectations loom for interest rate reductions by the US Federal Reserve, any decision is unlikely before May 1, dampening short-term prospects for a rapid ascent. Despite affirming the potential for Bitcoin to reach $60,000 and even $100,000 by year-end, it's crucial to recognize that such milestones won't materialize as swiftly as some anticipate. This perspective is offered not as financial advice but as a prudent reminder that the market's complexity extends beyond individual predictions. $BTC #TrendingTopic #Write2Earn #AmanSaiCommUNITY

1 day ago
KRIPTOVEER
KRIPTOVEER
followers

JUST IN: 🇺🇸 US Congressman Matt Gaetz says there needs to be a vote on legislation banning Congress from trading stocks. JUST IN: 🇬🇧 UK to release new crypto and stablecoin legislation within the next 6 months. JUST IN: Capital One to acquire Discover for $35.3 billion, CNBC reports. Rich dad poor dad author Robert Kiyosaki predicts that Bitcoin will hit $100k by June 2024. 🚨BREAKING: WORLD BANK ANNOUNCES #XRP AS THE FIRST-EVER CROSS-BORDER PAYMENT SYSTEM EXPECTED TO BEGIN USE GLOBALLY #BTC #Write2Earn #TrendingTopic #ETH #etf

2 days ago

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