ChainCatcher reported that according to Cointelegraph, 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.

It is reported that Bim Afolami, the economic secretary of the UK Treasury, revealed in a speech at the 2024 Innovative Finance Global Summit (IFGS) that officials are promoting work to lay the foundation for transforming the country's payment landscape.