The UK and the US have been reported preparing to deepen cooperation with digital assets, with Britain looking to copy the Crypto-friendly administration of Trump into a bid to boost change.
UK Chancellor Rachel Reeves and US Secretary of Treasury Scott Bescent discussed Tuesday how the two countries could boost their Crypto coordination, The Financial Times reported On Tuesday, people are known to be familiar with this.
The discussions were also involved in representatives from crypto companies, including Coinbase, Circle Internet Group and Ripple, along with executives from Bank of America, Barclays and Citi to attend, according to the report.
The agreement was made “last minute” after Crypto advocacy groups encouraged the UK government on Thursday to adopt a More open bearing toward The industry, claiming its careful approach to the sector has left the country caught in change and policy.
Deals to include stablecoins, look at the unlocking of adoption
Any deal between countries is likely to include Stablecoins, reported by The Financial Times, a crypto area made by US president Donald Trump who is a policy priority and where his family has a significant business interest.
Financial Times reported Monday that UK advocacy groups also slapped the BANK OF ENGLAND BANKS To limit individual stablecoin handling between 10,000 British pounds ($ 13,650) and 20,000 pounds ($ 27,300), which is said to be difficult and expensive to implement.
UK banks appear to have also slowed down the adoption, with nearly 40% of 2,000 recently reviewed crypto investors saying their Banks are turned or delayed a payment to a crypto provider.
Many of these actions are linked to concerns over volatility, fraud, and scams.
The UK has made some development in crypto regulation recently, suggests a plot In May it can be seen exchange of crypto, Entrepreneurs, and agents treated similarly to traditional financial companies, with strong compliance checks specifically focused on consumer transparency and protection.
Reeves reported that a closer alignment of US policies would give British companies more accessible to US markets and attract greater investment in America.
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One of the people who are familiar with this matter is said in The Financial Times that there is a “great opportunity for the UK in digital possession,” and the Trump administration’s stance has been seen as “important in unlocking” adoption “in Britain.
British officials have reportedly said that the work has been conducted in the US to develop digital sandboxes of sandboxes where companies using blockchain in financial services can test technology.
Adults in the UK see long -term crypto investment potential
A recent study conducted by the UK Insurance Company found that 27% of 2,000 polled adults were Open to crypto In their retirement funds, with more than 40% of the Crypto openings claiming they were encouraged by a higher potential return.
Around one in five of the respondents-equivalent to nearly 11.6 million people-they are said to hold, or held, crypto, while almost two-thirds of the said they still own crypto in some capacity.
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