The UK Treasury proposed a regulatory plan during London Fintech Week to incorporate traditional payment services, stablecoins, and tokenized deposits into a unified payment regulation framework. The plan intends to introduce issuance regulation mechanisms for stablecoins used for payments and expand the scope of the Financial Conduct Authority's oversight in areas such as open banking, while also exploring regulatory adjustments for AI agents participating in payment activities. The related legislation also aims to simplify administrative procedures for stablecoin payment transactions. Additionally, the UK government will provide £1 million in funding to support industry collaboration and appoint a digital market leader to promote the development of a tokenized financial system. (The Block)