The United Kingdom and the United States would prepare to deepen cooperation on digital assets, Great Britain seeking to copy the position of the crypto-friendly of the Trump administration in order to stimulate innovation.
British Chancellor Rachel Reeves and the United States Secretary of the Treasury Scott Bessent explained on Tuesday how the two nations could strengthen their coordination on the crypto, the Financial Times reported on Tuesday, citing people familiar with the issue.
The discussions also concerned representatives of cryptographic companies, notably Coinbase, Circle Internet Group and Ripple, with leaders of the Bank of America, Barclays and Citi also present, according to the report.
The agreement was concluded “last minute” after the cryptography defense groups urged the British government on Thursday to adopt a more open position in industry, claiming that its cautious approach to the sector left the country to train in innovation and politics.
Deal to include stablecoins, seek to unlock adoption
Any agreement between the countries is likely to include stablecoins, reported the Financial Times, an crypto field that US President Donald Trump has made a political priority and in which his family has significant commercial interests.
The Financial Times reported on Monday that the defense groups of British cryptography had also criticized the proposal of the Bank of England aimed at limiting individual stablecoin assets to between 10,000 British pounds ($ 13,650) and 20,000 pounds ($ 27,300), saying that it would be difficult and expensive to implement.
British banks also seem to have slowed the adoption, with around 40% of the 2,000 crypto investors recently questioned saying that their banks had blocked or delayed a payment to a crypto supplier.
Many of these actions have been linked to concerns about volatility, fraud and scams.
The United Kingdom has recently progressed on the regulation of cryptography, offering a framework in May which would see the exchanges of crypto, dealers and agents treated similar to traditional financing companies, with solid compliance checks particularly focused on transparency and consumer protection.
Reeves hoped that a closer alignment of the rules with the United States would give British companies more access to American markets and would attract greater American investment.
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One of the familiar people with the case told Financial Times that there was a “enormous opportunity for the United Kingdom in digital assets”, and the cryptographic position of the Trump administration was considered “vital to unlock adoption” in Great Britain.
British officials reportedly said that work was already underway with the United States to develop bins in digital titles where companies using blockchain in financial services can test technology.
British adults see long -term potential in cryptography investment
A recent study by British insurance company Aviva revealed that 27% of the 2,000 adults questioned were open to crypto in their pension funds, with more than 40% of people open to crypto saying that they were motivated by higher potential yields.
About one of the respondents out of five – equivalent to around 11.6 million people – said they have or held the crypto, while about two -thirds said they still owned the crypto to a certain extent.
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