VK To deepen crypto tires with us, maybe more pro-crypto: ft

VK To deepen crypto tires with us, maybe more pro-crypto: ft

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The UK will expand the collaboration with the US on digital assets and at the same time explore a more crypto-friendly approach to stimulate innovation and to attract investments.

That is according to a financial time report Those sources mentioned that are familiar with the issue after discussions on Tuesday between British Chancellor Rachel Reeves and the American Minister of Finance Scott Bessent.

The story said that the initiative wants to do more to harmonize the legal frameworks, especially for Stablecoins, and to improve the access of British companies to American financial markets.

The discussions coincide with the current state visit of President Donald Trump to the UK and Including Coinbase, Circle, Ripple, USD Coin Emittent Circle Internet Group, Bank of America, Barclays and Citigroup.

One of the people mentioned in the report said that there is currently a “enormous opportunity for the UK” in crypto, and that Trump’s pro-Crypto attitude is seen as “vital” to unlock the adoption of digital assets in Great Britain.

British officials are said to work together with the US to create digital securities land boxes, making companies in the financial sector the opportunity to test blockchain technology.

UK and American deals will probably include Stablecoins

According to the FT report, all crypto-centered deals between the UK and the US will probably include Stablecoins. These digital assets received a large boost from an adoption and regulatory position after the US President Trump had signed the genius law in the law.

Trump is also involved in crypto companies involved in Stablecoins. The largest of these efforts is USD1, a stablecoin launched by the World Liberty Financial supported by Trump families.

Since the launch in April this year, the market capitalization of USD1 has risen to more than $ 2.65 billion, ranked as the fifth largest stablecoin in terms of capitalization, according to Coinmarketcap.

Top stablecoins per market cap (source: Mint market cap))

In addition to World Liberty Financial, the Trump family is involved in Crypto -Mining, decentralized prediction markets and they even have their own meme coins called Official Trump (Trump) and Melania (Melania). The president also signed an executive order shortly after he took office to set up an American strategic Bitcoin reserve.

While the Trump government and the US have continued pro-Crypto policy, the Bank of England was recently beaten because it tries to limit the ownership of the Stablecoin.

In a recent proposal, the Central Bank said that the individual Stablecoin Holdings wants to record up to between 10,000 and 20,000 British pounds, which amounts to $ 13,650 and $ 27,300. It also wanted to limit the amount of stablecoins that companies could limit.

The industry has used the bank for that proposal and also claimed that it would be difficult and expensive to implement those proposed restrictions.

British banks have also tried to tame acceptance. About 40% of the 2,000 recently investigated crypto investors said their banks had blocked a payment or delayed a crypto provider.

UK Regulator considers a few rules for crypto companies

The Pushback that the Bank of England received for its Stablecoin -Property proposal was followed by new proposals from the British financial regulator of the VK, the Financial Conduct Authority (FCA).

The financial watchdog published A consultation document today, which explains the minimum standards that companies that are active in the crypto space must satisfy if the industry is formally commissioned. According to the regulator, the rules have been designed to balance competitiveness and innovation with protection for consumers and at the same time guarantee market integrity.

In the consultation book, the FCA said that many of the rules are comparable to those who apply to institutions in the traditional financing sector.

The financial regulator is also looking for comments about whether the consumer obligation of the VK, which requires traditional financing companies to deliver good results for their customers, must also apply to crypto activa activities and digital activa companies.

That is after the Treasury of His Majesty has published his draft legislation for Crypto in April. In this design, plans to bring fairs, agents and dealers in accordance with the current regulations were set out.

Those plans indicate that the UK is ‘open to business’, but closed for abuse and fraud, the government said.

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