TLDRThe UK and US have launched a joint task force to strengthen collaboration on crypto regulation.The task force will focus on aligning stablecoin regulations and establishing anti-money laundering standards for crypto firms.Both countries aim to create a more favorable regulatory environment for digital assets, improving cross-border capital raising.The UK and US Treasuries will lead the task force, with recommendations expected within 180 days.Digital securities sandboxes will be explored to test blockchain-based solutions across both nations.The UK and the US have launched a new task force to strengthen collaboration on crypto regulation. This partnership, formed after discussions between UK Chancellor Rachel Reeves and US Treasury Secretary Scott Bessent, will focus on digital asset regulations. The task force aims to align regulations on stablecoins and establish anti-money laundering (AML) standards for crypto firms.The UK and US Treasuries will lead the task force, with regulators from both countries involved. The task force is tasked with delivering recommendations within 180 days. It will focus on creating a more favorable environment for digital assets, addressing key regulatory challenges in both nations.Collaboration to Align Crypto RegulationsThe UK-US task force will focus on aligning crypto regulations, particularly for stablecoins. Both countries aim to harmonize their approaches to these digital assets, reducing barriers for businesses in the sector. Stablecoins, a crucial part of the crypto market, will be closely examined to create common standards across borders.The task force will also work to ensure that anti-money laundering (AML) standards for crypto firms are aligned. This cooperation is expected to strengthen the regulatory framework, ensuring greater security in the crypto industry. Both governments are committed to creating clear, concise regulations that will benefit businesses and investors alike.Digital Securities Sandboxes and Cross-Border Capital RaisingOne of the key initiatives of the UK-US task force will be to explore the creation of digital securities sandboxes. These sandboxes will allow blockchain-based solutions to be tested across both countries. This will facilitate cross-border capital-raising efforts and provide a more robust regulatory framework for the crypto industry.The task force’s focus on reducing regulatory burdens for firms raising capital in both markets is a significant step. The aim is to foster a more supportive environment for digital asset businesses. Industry leaders believe that these efforts will pave the way for stronger economic ties between the UK and the US in the crypto sector.George Osborne, an advisor to US crypto exchange Coinbase, emphasized the importance of modernizing the UK’s regulatory approach.“If crypto is happening, then we want it to happen here,” he said.The UK Cryptoasset Business Council also welcomed the task force, calling it a vote of confidence in the UK economy.The post US and UK Collaborate on Crypto Regulation with New Joint Task Force appeared first on Blockonomi.