UK-US Foster Relationship on Crypto Economic Opportunities

[Nathrixxx]

UK-US Foster Relationship on Crypto Economic Opportunities

UK is seeking for more avenue whereby they can have a strong relationship with US towards exploring for crypto related opportunities in boosting for economic and innovation development under digital technology, while they are considering for the use of stablecoin as the first coin to consider, they believed that they could both agreed in building up a robust crypto friendly environment and regulations for the people and both of them benefiting from this relationship/collaboration, which will advance on their aim to boosting the digital economy together for both countries.

The discussions also involved representatives from crypto companies, including Coinbase, Circle Internet Group and Ripple, with executives from the Bank of America, Barclays and Citi also attending, according to the report.
https://cointelegraph.com/news/uk-strengthen-ties-us-crypto-matters-financial-times

I was wondering why stablecoin when they are not considering for Bitcoin in cryptocurrency before any other alternative coin, I thought they would have learnt how other countries and industries are taking bitcoin into more consideration as national reserve, stablecoin is as if you're still using fiat, because of being pegged, while bitcoin could get them the necessary future benefits they could have set plans for to achieve.

[Fortify]

It's good to see some progress on stable coins at the central bank level, but there seems to be a lot of talk and little action. It's great thet keep talking about research, however the foundations are already clearly available and they need to show more live trials before these countries get left behind technologically speaking.

The fact that the SEC has approved things like a crypto ETFs mean they are slightly more progressive and they have a strong proponent in Trump - let's hope he doesn't prioritize building his own token and monetising that, instead of other cryptos that should last longer. Unfortunately bitcoin simply doesn't have the volume or infrastructure to cope with the amount of transactions at a reasonable efficiency, which is probably why it's not being mentioned.