Strengthening UK-US Ties on Crypto Economic Growth

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novaz171Newbie
Posts: 131 · Reputation: 19
#1Jun 15, 2023, 07:29 AM
The UK is looking for ways to deepen its relationship with the US to explore crypto opportunities that can drive economic growth and innovation in digital tech. They’re eyeing stablecoins as a starting point, thinking this could lead to a solid crypto-friendly environment and regulations that work for both sides. This partnership could really help in boosting the digital economy for both nations. But I've got to ask, why stablecoin? Why not focus on Bitcoin first? Seems like other countries are starting to treat Bitcoin more seriously as a sort of national reserve. Stablecoins feel like just sticking with fiat since they're pegged, but Bitcoin might offer way more potential benefits for the future.
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orbithqMember
Posts: 398 · Reputation: 76
#2Jun 15, 2023, 10:07 AM
It's good to see some progress on stable coins at the central bank level, but there seems to be a lot of talk and little action. It's great thet keep talking about research, however the foundations are already clearly available and they need to show more live trials before these countries get left behind technologically speaking. The fact that the SEC has approved things like a crypto ETFs mean they are slightly more progressive and they have a strong proponent in Trump - let's hope he doesn't prioritize building his own token and monetising that, instead of other cryptos that should last longer. Unfortunately bitcoin simply doesn't have the volume or infrastructure to cope with the amount of transactions at a reasonable efficiency, which is probably why it's not being mentioned.
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