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Coinbase CEO Calls on UK Users to Sign Petition for Stablecoin Regulation, Urges Government to Appoint Blockchain Transaction Commissioner
BlockBeats News, February 25th, Coinbase CEO Brian Armstrong stated, "The UK's stablecoin regulations are being finalized, which may hinder the UK's competitiveness in the global digital economy. For example, the Bank of England has proposed setting limits on the amount of stablecoins individuals and businesses can hold.
The UK has long been a financial center. Embracing and encouraging innovation, especially when other countries are rapidly developing, is crucial to maintaining this position. However, the current regulatory direction is exactly the opposite and will impede innovation."
Brian Armstrong called on UK users to sign a petition initiated by StandwCrypto, the petition includes advocating for stable and tokenized regulatory mechanisms that promote innovation, such as supporting interest-bearing stablecoins and retaining their role as wholesale settlement assets, exploring government applications of blockchain, appointing a blockchain and cryptocurrency affairs chief, and other content.
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