Home
News
Details

UK Lawmakers Urge Pro-Innovation Stablecoin Regulations to Prevent Capital Flight

iconCoinDesk
Share
Share IconShare IconShare IconShare IconShare IconShare IconCopy
A cross-party group of UK lawmakers has called for pro-innovation **stablecoin regulation**, warning that current rules could trigger capital flight and weaken London’s financial edge. They cited $27.6 trillion in stablecoin transactions in 2024, projected to hit $100 trillion by 2030. Proposed caps and restrictions, they argue, could push investors toward dollar-backed assets, bypassing pound-pegged options. The lawmakers also emphasized the need for clarity on **capital gains tax** to support a competitive digital asset environment.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.