UK Treasury plans to propose regulatory framework for crypto assets and stablecoins by July

According to BlockBeats, on April 16, Cointelegraph reported that the UK Treasury plans to propose a regulatory framework for crypto assets and stablecoins by July, aiming to encourage innovation in local digital assets and blockchain technology. Speaking at the 2024 Innovative Finance Global Summit (IFGS), Bim Afolami, the UK Treasury's economic secretary, revealed that officials are pushing for work to lay the foundation for transforming the country's payment landscape.