The UK Treasury has announced that it will regulate some cryptocurrencies
The move is part of a wider plan to make the UK a hub for digital payment companies.
So-called “stablecoins” will become recognised forms of payment to give people confidence in using digital currencies.
Stablecoins are designed to have a stable value linked to traditional currencies or assets such as gold.
Stablecoins are also considered less volatile than traditional cryptocurrencies such as Bitcoin and Ethereum.
In a statement the treasury says it plans to regulate a wider range of digital coins but didn’t exactly highlight which coins would be targeted.
