The U.S. and U.K. Financial Regulatory Working Group has emphasized the importance of effective regulation and oversight of crypto assets and markets. They also reiterated their support for the international work on crypto assets.
US-UK Financial Regulatory Working Group Discusses Crypto Regulation
The U.S.-U.K. Financial Regulatory Working Group (FRWG) convened in London for its ninth official meeting on Jan. 31 and issued a statement summarizing their discussions on Feb. 5. Key topics discussed by the group included crypto regulation and central bank digital currencies (CBDCs).
Participants included officials from HM Treasury, the U.S. Department of the Treasury, the Bank of England, the Financial Conduct Authority (FCA), the Board of Governors of the Federal Reserve System, the Commodity Futures Trading Commission (CFTC), the Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller of the Currency (OCC), and the Securities and Exchange Commission (SEC)