UK and US Teaming Up for Crypto Rules

A big change could be coming to how the UK and US handle crypto. Sources say these two countries are working together to create a special space, called a sandbox, to make their crypto rules work better together. This idea came after talks with important people in the US government and crypto groups.

UK's Rapid Progress

The UK seems to be moving fast on crypto rules. Recently, the Bank of England shared plans to control stablecoins, which are a type of digital money. This is part of a bigger plan between the UK and US to work together on digital money and tech.

Potential Challenges

But there’s a problem. Some people think the UK is taking too long to make crypto a big priority. They worry that companies might leave the UK for places with clearer rules. The US has been very clear about its crypto plans, and the UK needs to catch up fast.