TechFlow news, November 12 — According to Cointelegraph, Kraken co-CEO Arjun Sethi criticized the UK's excessive cryptocurrency regulations in an interview with the Financial Times, stating that mandatory disclaimers and "cooling-off periods" severely harm user experience and could cause investors to miss potential gains. Despite regulatory friction, the UK is gradually opening up to the crypto industry and seeking closer cooperation with the United States. Former UK MP Lisa Cameron revealed that the US and UK may be developing a joint "sandbox" initiative to coordinate their crypto markets. Additionally, the Bank of England recently released a consultation paper on a regulatory framework for "systemic stablecoins," signaling active progress in advancing legislation for crypto payments.
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