The UK has long been a leading hub for financial services and has a proud history of innovation. However, the country risks being left behind as the rest of the world rapidly embraces innovative technologies that have the potential to change the nature of the industry. The Government has announced plans for new regulations to support digital assets, intended to ensure the UK keeps pace with global markets. However, many in the sector say an overly cautious approach and delays in bringing forward this regulation have slowed investment and innovation. The current plan also critically omits developing a stablecoin payment regime. Embracing digital assets and new forms of money is key to maintaining the UK’s competitive edge in financial services, so how can the sector make the most of the capabilities new technologies provide?
This event will:
- Discuss who is using digital assets today.
- Examine how stablecoins are used and future use cases.
- Consider how traditional markets and digital assets can integrate in the future of UK financial services
- Evaluate if the UK can keep pace with international competition, especially given the recent US drive towards digital assets.