Britain will exempt overseas stablecoin issuers from complying with its new cryptocurrency rules, as ministers commit to closer co-operation with the US in regulating the emerging global market for digital assets.
The proposals, set out by UK chancellor Rachel Reeves on Tuesday, are part of Britain’s first attempt to write rules for crypto assets and highlight the country’s attempts to forge a technology partnership with the US.
Reeves discussed closer tech co-operation with US Treasury secretary Scott Bessent in Washington last week, along with moves to secure a broader trade deal, intended to cut…
