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Ripple has proposed a four-point action plan to help the UK become a global digital asset hub.
[Coin World] Ripple proposed a four-point action plan to accelerate cryptocurrency regulation in the UK at the London Policy Summit, aiming to establish the UK as a leading center for digital assets. The plan includes: 1. Quickly establishing a clear regulatory framework for crypto assets to promote investment and economic growth; 2. Aligning UK regulations with international standards to facilitate cross-border business; 3. Prioritizing the regulation of stablecoins and allowing overseas stablecoins to operate in the UK; 4. Eliminating legal, tax, and regulatory obstacles that hinder tokenization projects. Ripple emphasizes learning from the successful experiences of Singapore, Dubai, and the EU to promote a balance between innovation and regulation. This proposal responds to the UK government’s recent legislative and regulatory consultations, reflecting the industry’s need for clear and practical regulatory guidance.