Financial Times: UK and US plan closer cooperation on cryptocurrency regulation

PANews reported on September 17 that the Financial Times reported that the United States and the United Kingdom plan to cooperate more closely in cryptocurrency regulation. According to reports, British Chancellor of the Exchequer Rachel Reeves and U.S. Treasury Secretary Scott Bessent discussed the cooperation during a meeting on Tuesday. Representatives from institutions such as Bank of America, Barclays, Circle, Citigroup, Coinbase and Ripple also attended the meeting. Cassie Craddock, Managing Director of Ripple UK and Europe, said that this cooperation "is expected to set an example of international cooperation for our industry. The UK is now poised to become a leading digital asset and innovation center. Strengthening international cooperation between the UK and the United States will further unleash the economic potential of blockchain technology in both countries."

Last week , industry groups urged the UK government to include stablecoins and tokenization in its “US-UK Tech Bridge” initiative.