UK Selects Firms for Stablecoin Regulatory Sandbox, Including Revolut
The UK has chosen several firms to participate in its stablecoin regulatory sandbox, aimed at fostering innovation while ensuring consumer protection. Among the selected companies is Revolut, a well-known financial technology firm. The sandbox will allow these firms to test their stablecoin products and services in a controlled environment with regulatory oversight. This initiative is part of the UK's broader strategy to establish a regulatory framework for digital currencies and enhance the country's position in the fintech sector. The move reflects the government's commitment to balancing innovation with regulatory compliance in the evolving cryptocurrency landscape.
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