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In the latest PEPE price prediction, discover how meme coins could receive a boost from the UK and Japan Signaling Softer Rules, as we explore whether PEPE is poised for more upside.
Pepecoin(PEPE) saw a small lift on November 5 as regulators in the UK and Japan struck a more open stance on digital-asset rules – increasing hopes of further meme coin oriented products.
PEPE price itself however continued to suffer, under pressure from the wider market drawback in a session that saw PEPE traded around $0.0000058–$0.0000060, showing a decline of -19% in the last 24 hours.
Reuters reported that in London, Bank of England Deputy Governor Sarah Breeden said it was “really important” for the US and the UK to move together on stablecoin oversight.
She confirmed the central bank will release its consultation on Nov. 10. The plan now focuses on stablecoins deemed “systemic,” while others would fall under the Financial Conduct Authority.
Market participants saw this as a step toward clearer rules for payment tokens and a calmer setting for crypto trading.
Meanwhile, the Japanese officials are considering changes to tax treatment and leverage rules.
With such changes, which some believe can be made, trading will be cheaper and more accessible, which will help meme coins such as PEPE to draw investors.
In Tokyo, the key exchanges are gearing up toward a potential expansion due to the government’s looking at the prospect of tax exemption on crypto profits and the reduction of leverage regulations.
Industry voices say the shift could open the door for more retail traders and increase activity in digital assets.
If approved, the changes may add liquidity to both spot and derivatives markets that list meme coins, including PEPE, making prices clearer and easier to trade.
