{
  "type": "article",
  "title": "Two of the World's Biggest Financial Hubs Just Charted a Path to Move Digital Money Across the Atlantic",
  "summary": "The U.S. and UK have released a joint 10-point roadmap to bring their rules on stablecoins, tokenized assets and digital money closer together, aiming to let blockchain-based finance flow more freely between the two countries.",
  "content": "Two of the world's largest financial centres, the U.S. and the UK, have mapped out a shared path to bring their rules for stablecoins, tokenized assets and digital money into closer alignment. The goal is straightforward, to let blockchain-based finance move more easily across the Atlantic between the two countries.\n\nThe effort took shape on Tuesday in the form of 10 recommendations, published by HM Treasury and the U.S. Treasury. They come from the Transatlantic Taskforce for Markets of the Future, a body that Chancellor Rachel Reeves and Treasury Secretary Scott Bessent set up during President Trump's UK state visit in September 2025.\n\n \n\nWhat the Recommendations Cover\nOf the 10 recommendations, five deal directly with digital assets, while the other five address traditional capital markets. Crucially, none of them are binding rules. That leaves each country to complete its own regulatory process, but under a shared direction.\n\nOn the digital-assets front, the taskforce wants regulators, namely the Bank of England, the FCA, the SEC and the CFTC, to settle on common approaches to tokenized assets. That includes how tokenized securities reach settlement finality, and whether stablecoins and tokenized money market funds can be used as collateral at clearing houses. The recommendations also call for a private sector-led group to spend a year testing cross-border tokenization use cases. On top of that, they envision a \"multi-money ecosystem\" in which stablecoins, tokenized bank deposits and other forms of digital money can coexist.\n\nA Joint Statement on Stablecoins\nAlongside the recommendations, the two governments are drafting a joint statement on stablecoins. It backs a dynamic cross-border market and holds that payment stablecoins should be fully backed, on at least a one-to-one basis, by high-quality liquid assets. Those principles closely mirror the U.S. GENIUS Act, the federal stablecoin law signed last year. A fifth recommendation asks both sides to press for a technology-neutral review of how the Basel Committee treats banks' crypto exposures.\n\nRacing to Catch Europe\nThis push for alignment arrives as both countries build out their own regimes. The U.S. is implementing the GENIUS Act ahead of a 2027 effective date, while the UK's own cryptoasset regime is due to take effect in October 2027. Both are working to catch up with the European Union, whose MiCA rules have been fully in force since the end of 2024 and are set to be revised in 2027. The recommendations, however, stop short of mutual recognition. In practice, that means a stablecoin licensed in one country would still have to clear the other's rules before it could operate there.\n\nCrypto Firms Welcome the Move\nCrypto companies welcomed the direction of travel. Katie Harries, Coinbase's head of policy for Europe, called the recommendations a \"critical moment for transatlantic cooperation,\" pointing to the chance for the two financial centres to \"reimagine global capital markets through tokenisation.\"\n\nFor the UK, the recommendations build on an ambition to \"minimize frictions\" between the two countries, an idea laid out by Economic Secretary to the Treasury Lucy Rigby in May, when she suggested it \"may well take the form of some forms of recognition or alignment.\" At the time, Rigby said digital assets carry the potential for a \"complete transformation\" of the country's markets, as the government advances stablecoin rules, an FCA-run stablecoin sandbox, and a consultation on a single framework for traditional and tokenized payments.\n\nWhat this means for you\n• For crypto investors: As U.S. and UK rules move closer, using stablecoins and tokenized assets across borders could get easier over time, though for now these recommendations are not binding.\n• For businesses and users: A stablecoin licensed in one country will still have to meet the other's rules to operate there, so there is no instant mutual pass just yet.\n\nQuestions & Answers\n\n1. What have the U.S. and UK put forward together?\nThe two countries have released a joint roadmap of 10 recommendations to bring their rules on stablecoins, tokenized assets and digital money closer together.\n\n2. Where do the 10 recommendations come from?\nThey come from the Transatlantic Taskforce for Markets of the Future, which Chancellor Rachel Reeves and Treasury Secretary Scott Bessent set up in September 2025.\n\n3. Are these recommendations binding rules?\nNo, none of the recommendations are binding. Each country will complete its own regulatory process separately, under a shared direction.\n\n4. What do they say about payment stablecoins?\nThe joint statement says payment stablecoins should be fully backed, on at least a one-to-one basis, by high-quality liquid assets.\n\n5. When do the U.S. and UK crypto regimes take effect?\nThe U.S. is implementing the GENIUS Act ahead of a 2027 effective date, while the UK's cryptoasset regime is due to take effect in October 2027.\n\n6. Will a stablecoin licensed in one country work in the other?\nNo, the recommendations stop short of mutual recognition. A stablecoin licensed in one country would still have to clear the other's rules to operate there.",
  "url": "https://trendkia.com/en/crypto/atalantika-ke-ara-para-dijitala-paise-ko-asana-banane-ke-lie-us-aura-uk-ne-banaya-sajha-khaka-7864",
  "category": "Crypto",
  "publishedAt": "2026-07-15",
  "tags": [
    "stablecoin rules",
    "US UK crypto",
    "tokenization",
    "GENIUS Act",
    "digital assets regulation",
    "MiCA rules",
    "crypto policy"
  ],
  "language": "en",
  "site": "TrendKia"
}