The story said the initiative seeks to do more to harmonize regulatory frameworks, particularly for stablecoins, and improve UK companies’ access to US financial markets. UK And US Deals Are Likely To Include StablecoinsAccording to the FT report, any crypto-centered deals between the UK and US will likely involve stablecoins. Around 40% of 2,000 recently surveyed crypto investors said that their banks had either blocked or delayed a payment to a crypto provider. UK Regulator Considers Waiving Some Rules For Crypto FirmsThe pushback the Bank of England received for its stablecoin ownership proposal was followed with new proposals from the UK’s top financial regulator, the Financial Conduct Authority (FCA). Those plans signal that the UK is “open for business,” but closed to abuse and fraud, the government said.