UK trade organizations are urging the government to place blockchain on the agenda ahead of President Trump’s visit to the United States.
Call to Include Blockchain in International Cooperation
Twelve groups from the finance, technology, and crypto sectors sent a letter to UK Business Secretary Peter Kyle, urging that distributed ledger technology be a 'core strand' of the proposed UK-US Tech Bridge. Signatories include organizations like the UK Cryptoasset Business Council, UK Finance, and TheCityUK, emphasizing the importance of stablecoins and tokenization.
Discussions on Digital Asset Regulation
The groups highlight the necessity for financial security entities to adapt to successful blockchain developments. They warn that excluding digital assets could reduce the UK's competitiveness as a financial center.
Challenges Facing the UK
The UK has fallen behind in crypto regulation compared to the EU and the US. British authorities are developing regulatory frameworks for crypto assets, yet many firms are facing fragmented rules and barriers to accessing transatlantic markets.
The discussion of incorporating blockchain into international relations between the UK and the US highlights the urgent need for timely adaptation to changes in the global economy.
