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Fortune
Fortune
Star Xu

The U.S. and U.K. are aligning on blockchain—and that is good for the world economy

For more than a century, the United States and the United Kingdom have been amongst the most influential nations in finance, working together to create the playbook for global trade and markets. Today, that partnership is entering a new phase as both countries commit to closer cooperation on digital assets—a gambit that could further entrench Washington and London at the vanguard of global finance, even as hubs like Singapore and Dubai emerge as formidable challengers.

This latest U.S.-UK tie-up comes via the recent creation of the Transatlantic Taskforce for Markets of the Future, which calls for joint recommendations on digital assets and capital markets within six months. The new body signals that the countries recognize that alignment—not isolation—is critical at a time when the likes of Singapore, Dubai and others are already seeing the financial and economic benefits of an inclusive approach to crypto regulation. 

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