<p class="p1"><span class="s1">The United States and the United Kingdom are deepening cooperation on digital assets, saying regulated stablecoins have the potential to make financial systems more efficient and competitive. </span></p>
<p class="p2"><span class="s1">On Tuesday, the U.S Department of the Treasury and HM Treasury released a joint <a href="https://home.treasury.gov/news/press-releases/sb0560">statement</a> and recommendations as part of the Transatlantic Taskforce for the Markets of the Future.
That group was created last year as <a href="https://www.theblock.co/post/371674/us-uk-team-crypto-focused-task-force-guide-future-regulations">a joint initiative</a> to deepen cooperation and reduce market fragmentation between the two countries. </span></p>
<p class="p2"><span class="s1">"The United States and the UK should leverage their positions as leading global financial centers to actively shape the development of digital asset markets and next-generation financial infrastructure," the two governments said on Tuesday. </span></p>
<p class="p2"><span class="s1">The task force called on the Bank of England and UK Financial Conduct Authority, and the U.S.</span><span class="s1"> Commodity Futures Trading Commission and U.S.
