The UK promotes the development of distributed ledger technology and asset tokenization
2025-07-15 22:05:58
The UK Treasury has announced that it will support wholesale financial marekts to explore the best distributed ledger technology (DLT) and asset tokenization solutions to promote the wide application of blockchain technology in the financial sector. The government plans to establish a regulatory framework for crypto technology, and has released draft legislation related to stablecoins in April this year. At the same time, regulators will test stablecoins and other digital payment solutions in the newly established digital securities sandbox.
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