U.S. and U.K. Join Forces to Regulate Crypto Regulation

U.S. and U.K. Join Forces to Regulate Crypto Regulation
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The post U.S. and U.K. Join Forces to Regulate Crypto Regulation appeared first on Coinpedia Fintech News
In a major step toward harmonizing financial regulation, top U.S. and U.K. regulators have committed to deeper cooperation on digital asset oversight. A joint statement released by the U.S. Treasury on June 24 highlighted the outcomes of their latest Financial Regulatory Working Group meeting held in London earlier this month.
Digital Assets and Stablecoins in the Spotlight
During the meeting, Digital finance was the major focus, with U.S. and U.K. officials sharing updates on how they’re working to regulate digital assets and stablecoins. The U.K. talked about its new Digital Securities Sandbox, a testing ground for financial innovation. Both sides looked at where their stablecoin rules stand and how they can align them. While the US has already taken a step ahead by passing the U.S. GENIUS Act, the UK is yet to decide on stablecoin rules. 
Moving on, they also dis

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