CryptoUK, a UK-based crypto trade association, has endorsed the Bank of England's (BoE) plan to consult on stablecoin regulation in November, emphasizing the need for alignment with US policies. The association believes that adopting a US-style regulatory framework would bolster confidence in the UK's digital asset sector and help maintain its competitive edge globally. The BoE aims to implement new stablecoin regulations by the end of 2026, with proposals expected to mirror US standards, including requirements for issuers to hold government bonds. This regulatory push is part of a broader shift towards a more crypto-friendly environment in the UK. Recent developments include the Financial Conduct Authority lifting its ban on crypto exchange-traded notes and authorizing blockchain use for fund tokenization. These moves align with the UK's ambition to become a hub for tokenized finance, attracting crypto capital and innovation.