British trade groups are pressing the UK government to incorporate blockchain technology into the upcoming UK-US Technology Bridge agreement. In a letter to Business Secretary Peter Kyle, over a dozen organizations from the financial, technology, and cryptocurrency sectors emphasized the importance of distributed ledger technology. The letter, also addressed to Economic Secretary Lucy Rigby, warned that excluding digital assets could hinder the UK's competitive edge as other regions advance in financial technology standards.
The groups, including the UK Crypto Assets Business Council and The CityUK, highlighted the strategic significance of stablecoins and asset tokenization for both economies. They cautioned that without coordinated efforts, UK businesses might face a fragmented regulatory landscape and diminished access to transatlantic markets.
UK Trade Groups Urge Inclusion of Blockchain in UK-US Tech Bridge
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