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The UK publishes final rules for the regulation of cryptocurrencies and stablecoins, with plans to introduce legislation on fiat-backed stablecoins in early 2024

According to CoinDesk, the UK government released its final rules on cryptocurrencies and stablecoins on Monday. The government plans to introduce cryptocurrency regulation in stages, starting with fiat-backed stablecoins, and then adding other cryptocurrency-related areas including algorithmic stablecoins.The document states that legislation on fiat-backed stablecoins is planned to be introduced in early 2024.

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