#lucy-rigby

[rwatimes]

Why The UK Sees Digital Assets As The Future Of Finance?

Let’s uncover how UK digital assets could reshape finance as Lucy Rigby signals a major market transformation ahead.

➤ The UK is positioning itself as a leader in digital finance, with Economic Secretary Lucy Rigby highlighting the transformative potential of digital assets for financial markets. ➤ The government aims to balance innovation with financial stability through clear regulation, seeking to attract crypto businesses and institutional investment. ➤ This strategic push reflects a global trend of increasing institutional adoption and the integration of blockchain technology into traditional finance.

[rwatimes]

UK U-turns on stablecoins in payments regulation

The UK government plans to bring stablecoins into its payments regulatory perimeter, Lucy Rigby, the Economic Secretary to the Treasury, told the House of

➤ The UK government is reversing its stance and plans to bring stablecoins into its payments regulatory perimeter, a move that reverses a previous decision made just 18 months ago. ➤ This policy shift aims to foster a diversified payments landscape, benefiting both consumers and businesses by creating a coherent framework for traditional and tokenized payments. ➤ A consultation on these proposed changes is expected by the end of Q2 2026, indicating a significant step towards regulating stablecoins within the UK's financial system.