Next year the UK plans to proceed with hands-on testing of blockchain systems for cryptocurrencies to integrate within the country’s traditional market frameworks. This movement is all in an effort to become the next global digital assets hub.
Distributed ledger technology (DLT) is going to be implemented and used to make the traditional market process more intuitive and fast for users. The test is going to involve real customers to determine how well the designed framework will work in a living economy.
With the introduction of the test, regulations for stablecoins are expected to come as well. Any and all cryptocurrency that is backed by a traditional source will be put under a new framework.