UK, US eye central bank digital currencies and stablecoins in London meeting

Quick Take

  • US and UK officials discussed stablecoins and central bank digital currencies at a recent meeting of a financial partnership.
  • The countries will hold another meeting this month when a financial regulatory working group huddles in July.

The United Kingdom and the United States huddled in London this week to discuss crypto and digital asset regulation, ahead of a financial working group meeting between the two nations later this month.

The US-UK Financial Innovation Partnership held its third meeting on Wednesday, where participants discussed “crypto-asset regulation and market developments," according to a release

The partnership meeting also addressed stablecoins and central bank digital currencies. The group was created in 2019 to foster engagement between the U.S. and the U.K. on “financial innovation issues.” 

The US-UK Financial Regulatory Working Group is set to meet later in July.

Participants in Wednesday’s meeting included staff from the Bank of England and the Financial Conduct Authority.

On the US side, participants included staff from major agencies like the Board of Governors of the Federal Reserve System, the Commodity Futures Trading Commission and the Securities and Exchange Commission, among others. 

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