U.S.-UK Financial Alliance Strengthens Oversight of Electronic Money
On June 24, the U.S. Department of the Treasury and the U.S.-UK financial working group announced a joint statement on tightening oversight of digital assets. This is considered a significant turning point in restructuring the financial market based on cryptocurrency technology. Previously, on June 3, authorities from both countries held the 11th meeting in London to discuss in-depth digital finance and innovative initiatives.
Cooperation to Standardize Global Electronic Money Management
The meeting focused on promoting the legal framework for stablecoins and digital securities to unify regulatory standards. On management priorities, the UK shared the latest progress in digital securities sandbox models while proposing strategies to promote cross-border innovation. Both sides emphasized the importance of effective regulatory policy to maintain financial stability and promote sustainable growth.
Innovation and Safety: Balancing New Technology Management
In addition, the legal framework for artificial intelligence has also received special attention, with a joint commitment to balance innovation and safety. Regarding the capital market, the U.S. and the UK presented plans to adjust the payment cycle and listing regulations to optimize trading activities. The working group agreed to reconvene before 2026, maintaining an open and continuous dialogue channel to create a favorable legal environment for cryptocurrency.
Conclusion: The Cooperation Process Drives Electronic Money Development
The U.S.-UK financial alliance demonstrates a strong commitment to building a transparent and stable digital financial ecosystem. Completing the legal framework will help eliminate the speculative risks from the cryptocurrency market while encouraging initiatives to develop new technology globally. For investors and cryptocurrency businesses, this is a positive signal of a safe regulatory framework that aligns with the development of the future digital asset market.
Source: https://tintucbitcoin.com/uk-us-tighten-oversight-of-new-cryptocurrency/
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