• Written by: Lipika Deka
  • Wed, 01 Jun 2022
  •   Estonia

UK government has outlined amending current rules to mitigate “systemic” risk posed by stablecoins firms and wants to ensure that the dramatic fallout of the Terra project does not seep into the wider financial system. TerraUSD, a so-called “algorithmic” stablecoin, crashed earlier in May, taking its sister token Luna with it. Since then the entire crypto market is engulfed […]

UK Double Down On Stablecoin Regulations Fearing “Knock-On Effects” of Terra’s Collapse