UK and US to Collaborate On Regulating Crypto Sector
The British government reportedly plans to work with American officials to regulate the cryptocurrency industry.
The two countries will hold talks “to support the use and responsible growth of digital assets,” U.K. Chancellor of the Exchequer Rachel Reeves said in a speech at the Innovate Finance Global Summit on Tuesday (April 29).
“For the U.K. to be a world leader in digital assets, international cooperation is vital,” said Reeves, whose comments were reported by Bloomberg News.
In addition to these remarks, the British Treasury has also published draft legislation on cryptocurrencies that will be finalized later in the year, the report added.
The U.S., meanwhile, has seen its regulators — including the
