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U.S., UK align regulation on stablecoins and tokenisation, issue joint recommendations

U.S. and British finance authorities moved to align regulation on tokenised assets and stablecoins, issuing four digital-asset recommendations as part of a Transatlantic Taskforce for the Future of Markets. The proposals call for a cooperative framework to test cross-border uses of tokenised assets and for shared regulatory principles for stablecoins. They also set a 1:1 reserve requirement backed by high-quality liquid assets and point to building a cross-border stablecoin market.