UK Trade Associations Push for Blockchain, Stablecoins in US-UK Tech Pact

• Dozens of UK trade associations, including the UK Cryptoassets Business Council, TheCityUK, and the Association of British Insurers, have jointly written a letter to UK Business Secretary Peter Kyle
• The main concern is that if digital assets are excluded, the UK risks being left behind in shaping the rules and standards of global finance and innovation
• Even before the letter, there has been growing pressure from the crypto industry for the UK to create a clear plan for stablecoins

More than a dozen UK trade associations, including the UK Cryptoassets Business Council, TheCityUK, and the Association of British Insurers, have jointly written a letter to UK Business Secretary Peter Kyle (and Economic Secretary Lucy Rigby) urging that blockchain, stablecoins, and tokenization be made central components of the upcoming UK-US Tech Bridge agreement.

Why Trade Groups Want …

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