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Coinbase Said Near Deal to Buy Owner of Brazil’s Largest Crypto Exchange: Report

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UK Set to Disclose Plans for Regulating Crypto in Coming Weeks: CNBC

Although details are still being finalized, the regulatory regime will focus heavily on stablecoins which are cryptocurrencies fixed to the value of other assets, CNBC reported Sunday citing unnamed sources. The U.K. Treasury Department has discussed the upcoming regulatory package with multiple crypto firms including Gemini, the issuer of stablecoin Gemini dollar (GUSD), which is pegged to the U.S. dollar, according to the report. The European Union’s landmark regulatory framework for crypto assets, currently moving through the bloc’s complex legislative process, also has a heavy emphasis on oversight into stablecoins.

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