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- 🚀 ETH jumped to $4,600 this morning, up 8.69% in 24h!
Just shy of the $4,891 ATH—think it breaks through?
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Ripple announced four urgent plans to drive the UK Crypto Assets revolution.
Gate News bot message, Ripple is pushing the UK to implement four bold regulatory measures to stimulate leadership in Crypto Assets, aiming to inspire explosive innovation, massive investment, and an unstoppable Blockchain-driven financial dominance.
Ripple announced on June 18 that the UK is accelerating the development of its Crypto Assets regulatory framework. At the London policy summit co-hosted by Ripple, the UK Blockchain Technology Centre, and Innovate Finance, experts and officials reviewed recent government initiatives to position the UK as a leader in digital assets.
Ripple emphasized the importance of these developments and highlighted the ambitious goals proposed by Chancellor Rachel Reeves in April, as well as the subsequent legislative proposals from the UK Treasury regarding stablecoins, custodianship, and prudent regulation, along with consultations from the Financial Conduct Authority (FCA).
The digital asset company also pointed out that the Digital Securities Sandbox has welcomed new participants, and the pilot project for the UK Digital Government Bond DIGIT has also been launched.
Ripple proposed four specific recommendations in the white paper released after the summit. First, the government must take swift action to finalize a regulatory framework that attracts investment.
This crypto assets company stated: Governments and regulatory agencies must accelerate their pace to establish a regulatory framework for crypto assets that can promote investment and growth. This is crucial for the UK to seize the opportunity of being a pioneer and advocate for digital assets.