Key aims of the taskforce include:
➡️ To explore options for collaboration on digital asset regulation in the short-to-medium term while regulatory frameworks are continuing to develop;
➡️ To explore options for longer-term collaboration on promoting wholesale digital assets regulation; and
➡️ Exploring opportunities for enhancing growth and competitiveness by reducing cross-border burdens identified for UK and US firms.
✅ Cryptoasset service providers (CASPs) operating in the US or UK should track the taskforce's outcomes and recommendations to stay informed about potential changes in digital asset regulation, which may affect their control frameworks and reporting obligations.
Digital Assets/Crypto
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