It is difficult to measure the crypto community’s reaction after the United Kingdom unveiled its new regulation. Nevertheless, this regulation is from a good place, as the UK seeks to establish itself as a global crypto hub while protecting investors and mitigating significant risks.
With this move, the UK will regulate crypto like any other financial service, beginning with stablecoins early next year. Despite this, enthusiasts remain bullish. After all, it will likely result in the cryptocurrency sector flourishing in the UK.
Meanwhile, InQubeta (QUBE) continues on its journey to becoming an investor favorite, with high contributions in their presale from all over the world including Europeans. What factors contribute to its growing popularity?
We explore this in the article. Continue reading to learn more, including why InQubeta is one of the altcoins to watch out for in the coming months.
InQubeta (QUBE): An investor favorite
What is InQubeta (QUBE)? As one of the tokens on the initial coin offering list, many might not have come into contact with it. Yet, its presale is one of the most successful, tipped to become one of the best ICO of 2023.
In its ongoing presale, it has been able to raise more than $4.1 million, which is no simple feat. This means its popularity is growing among investors, especially in Europe.
But how did it get to be one of the top altcoins to buy, and what factors are driving its popularity?
First, InQubeta’s rising popularity can be linked to its convergence of AI and blockchain technology. It also has significant growth potential because it is in its early stages.
By leveraging blockchain technology, this project aims to reshape the fundraising landscape of the AI industry. Also, it wants to make the AI market accessible to everybody. Moreover, it is in its ICO stages, currently stage 4, and it has enormous room for growth.
A token costs $0.0133 presently, and market analysts predict that it could explode by up to 3,400% after its launch amid the anticipted bull market. With this outlook, it’s possible that this project could become one of the best new crypto to invest in. If you wish to become an early member of this growing community, simply follow the link below.
UK unveils crypto regulation: Could the market be bullish or not?
In June, the UK passed its landmark crypto law, and on October 30, the government unveiled its plans for regulating cryptocurrency assets. Bullish or not? For now, it is difficult to say.
But how could crypto be impacted by this development? Simply put, cryptocurrency will be regulated in the UK just like any other financial service. It means that crypto activities will be brought under the purview of the Financial Conduct Authority (FCA), with the legislation expected to come into effect by next year.
Per a recent update by the HM Treasury, the regulation will be introduced in phases, starting with fiat-backed stablecoins. Furthermore, regardless of location, this regulatory framework will require all crypto enterprises in the UK to be registered and authorized.
It’s an action that will significantly lessen the risk associated with dealing with cryptocurrency, limiting harm to customers. As the sector matures via these regulatory regimes, the anticipation is that it proves bullish for crypto over the long term.
Conclusion
The UK recently unveiled its crypto regulation, which will be implemented in phases starting next year. The industry reactions to this development, but enthusiasts remain optimistic. Meanwhile, InQubeta has risen to prominence among European investors, hoping to ride its bullish wave. This project is filled with potential and could be one of the new DeFi projects to look out for in the coming months.
For all information Qube you can visit InQubeta presale or join the InQubeta communities for their social media hub.
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