- The US and UK Treasuries are collaborating on common rules for tokenized assets and stablecoins, aiming for regulatory harmony without market distortion.
- Key recommendations include fully-backed stablecoins (1:1 with high-quality assets) and establishing a private-sector group to test cross-border tokenized asset use cases.
- This initiative signals a move towards concrete infrastructure development and consistent regulatory frameworks for digital assets in both jurisdictions.
Topics: Jurisdictions, Legal regulatory, Infrastructure providers, Cross jurisdictional policy, Securities law classification, Major financial incumbents
Tags: #stablecoin #tokenization #ustreasury #uktreasury #regulatorycoordination #digitalassets #crossborder #geniusact #assetbacked
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