UK Unveils Strategic Blueprint to Embrace Digital Finance Revolution
The UK Treasury’s Economic Secretary, Tulip Siddiq, highlighted the country’s progress toward digital asset adoption during her keynote at the Tokenisation Summit.
The Digital Securities Sandbox (DSS) will support distributed ledger technology (DLT) in capital markets, including the issuance of the Digital Gilt Instrument (DIGIT), allowing the government to evaluate DLT’s benefits in debt issuance. This initiative aligns with the UK’s broader efforts to become a leader in digital asset innovation, complemented by the upcoming Digital Assets Bill.
On stablecoins, Siddiq confirmed plans to regulate them under a unified crypto framework, simplifying oversight and balancing innovation with consumer protection.
Clever Robot News Desk 27th November 2024
