The United States and the United Kingdom have issued 10 recommendations for stablecoins, tokenized securities, and cross-border finance, although the proposals have not created enforceable rules.
Summary
- Ten recommendations cover digital assets, capital markets, and cooperation between U.S. and UK regulators.
- A proposed one-year industry group would test cross-border uses for tokenized financial assets.
- Both governments want a pathway for regulated stablecoins to enter each other’s markets.
- Frank Hepworth said the recommendations produce very little immediate market impact without domestic rules.
The Transatlantic Taskforce for Markets of the Future published…
