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The DDS legal framework will not include derivatives and unbacked cryptocurrencies such as bitcoin.
From a crypto crackdown to more fines, we look at the past week in crypto.
Andrew Griffiths MP’s speech at Innovate Finance Global Summit 2023 reiterated the UK government’s commitment to evolving a framework for digital currencies.
Move is part of wider assessment post-Brexit.
The initial phase of discussions on a digital pound will last until June.
The demand follows the announcement by the UK Treasury of a £600m ($740m) support package.
FCA and PRA in the UK government’s sights ahead of major speech from Chancellor Jeremy Hunt.
Regulation comes in wake of FTX collapse fallout.