US and UK Join Forces to Tackle Crypto Challenges Regulators Unite: The U.S.-U.K. Financial Regulatory Working Group (FRWG) recently met in London, bringing together heavyweights from
HM Treasury, the
Federal Reserve, and more.
Crypto on the Agenda: Amidst the discussions, the group emphasized the need for
strong oversight of digital assets and markets, acknowledging the importance of international collaboration.
Global Consistency: The regulators also delved into the Financial Stability Board's recommendations, aiming to foster
uniformity in tackling crypto's cross-border complexities.
Digital Currencies in Focus: Not stopping at crypto, the FRWG explored central bank digital currencies (CBDCs), with the U.K. sharing insights from its recent public consultation on a potential "digital pound."
With regulators from both sides of the pond joining forces, it's clear that a coordinated approach to crypto oversight is gaining momentum. Stay tuned for more updates on this regulatory tag team!
