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                   <div>
                    <p dir="ltr" id="i5zqz-3">
                     Fellow Binancians,
                    </p>
                    <p dir="ltr" id="iyykiy">
                     Earlier today, the UK government announced moves that it will recognise stablecoins as a valid form of payment as part of wider plans to make
                     <strong>
                      Britain a global hub for cryptoasset technology and investment
                     </strong>
                     .
                    </p>
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                       READ HERE
                      </a>
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              <div>
               <strong>
                TL;DR:
               </strong>
               The initiative is part of a broader effort by the UK government to “lead the way” in cryptoassets globally. The minister announced a number of steps the UK will take to bring digital assets under more regulatory scrutiny, including plans to:
              </div>
              <div>
               <div>
                <div>
                 <ul>
                  <li>
                   Bring certain stablecoins into the UK payments framework so that stablecoin issuers and service providers can “operate and grow in the UK.”
                  </li>
                  <li>
                   Consult on a “world-leading regime” for regulating trade in other cryptocurrencies, including bitcoin.
                  </li>
                  <li>
                   Ask the Law Commission to consider the legal status of blockchain-based communities known as decentralised autonomous organisations, or DAOs.
                  </li>
                  <li>
                   Examine the tax treatment of decentralised finance (DeFi) loans and “staking,” which gives crypto users the ability to earn interest on their savings.
                  </li>
                  <li>
                   Establish a Cryptoasset Engagement Group that will be chaired by ministers and host members from the UK regulators and cryptoasset businesses.
                  </li>
                  <li>
                   Explore the application of blockchain technology in issuing debt instruments.
                  </li>
                 </ul>
                </div>
               </div>
              </div>
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                   <div>
                    <div>
                     <strong>
                      Chancellor of the Exchequer, Rishi Sunak said:
                     </strong>
                    </div>
                    <div>
                    </div>
                    <div id="iub2vy">
                     "It’s my ambition to make the UK a global hub for cryptoasset technology, and the measures we’ve outlined today will help to ensure firms can invest, innovate and scale up in this country. We want to see the businesses of tomorrow – and the jobs they create - here in the UK, and by regulating effectively we can give them the confidence they need to think and invest long-term. This is part of our plan to ensure the UK financial services industry is always at the forefront of technology and innovation."
                    </div>
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                   <p dir="ltr">
                    <strong>
                     FAQ: What are stablecoins?
                    </strong>
                   </p>
                   <div>
                    <ul>
                     <li>
                      A stablecoin is a type of cryptocurrency that is designed to maintain a stable market price. Recently, this type of digital currencies has grown in popularity, and we now have numerous stablecoin projects.
                     </li>
                     <li>
                      Although the exact mechanisms vary from one coin to another, stablecoins are supposed to be somewhat resistant to market volatility, so they should not experience significant price changes.
                     </li>
                     <li>
                      Many stablecoins have their values fixed by pegging them to the price of another asset. While most of them are pegged to the US dollar, there are stablecoins pegged to the price of other cryptocurrencies, or even commodities, like silver or gold. By being pegged to real-world assets, these coins avoid the wild price swings caused by the high levels of volatility, very common in cryptocurrency markets.
                     </li>
                     <li>
                      Read more from Binance Academy
                      <a id="inkik-2" style="font-weight: bold; color: #f0b90b;">
                       here
                      </a>
                      .
                     </li>
                    </ul>
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                   Thank you for choosing Binance, the largest cryptoasset marketplace by trading volume
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