It’s been a fascinating morning at our UK’s New Cryptoasset and Stablecoin Regulatory Regime Summit. So far today, we have had a welcome from our chair Ian Taylor, COO, ht.digital and Board Advisor, CryptoUK, 3 panel discussions, 2 keynote addresses and 2 fireside chats.
Some quotes of note:
💬 “In the UK, we have a phenomenal opportunity.”
🎤 Lord Holmes of Richmond MBE
💬 “We want to bring together participants from traditional finance, and payment, and fintech firms to explore how stablecoins can improve trust, speed, cost and interoperability across different use cases.”
🎤 David Geale, Executive Director, Financial Conduct Authority
From our panel moderated by Ian Taylor, COO, ht.digital and Board Advisor, CryptoUK:
💬 “Tokenised deposits aren’t just one thing necessarily; there are different ways that are being approaching for considering how we tokenise deposits.”
🎤 Rhiannon Butterfield, Principal Policy Advisor, UK Finance
💬 “We have definitely seen client demand.”
🎤 Phoebe Zhou, Global Head of Client Solutions, HSBC
💬 “There’s absolute room for tokenised deposits.”
🎤 Sabih Behzad, Head of Digital Assets & Currencies Transformation, Managing Director, Deutsche Bank
From our fireside chat hosted by Maurice Button, CEO, City & Financial Global:
💬 “Someone who grows up digitally native, money at the scale of the internet just makes sense.”
🎤 Keith Grose, Senior Country Director, Coinbase UK
From our panel moderated by George Morris, Partner, Simmons & Simmons:
💬 “It looks like the UK has been relatively sensible with their approach.”
🎤 Oliver Tonkin, Co-founder and CEO, BCB Group
💬 “It’s important to acknowledge that industry innovation is always going to outpace regulation.”
🎤 Stephan Dreyer, Managing Director, ANNA - Association of National Numbering Agencies
💬 “There is a need for the UK to remain a competitive hub.”
🎤 Azariah N, Head of Regulation and Compliance (UK), Gemini
From our fireside chat hosted by Ian Taylor, COO, ht.digital and Board Advisor, CryptoUK:
💬 “These aren’t questions which the regulators can entirely answer on their own.”
🎤 Barnabas Reynolds, Partner, Sullivan & Cromwell LLP
From our panel moderated by Laura Navaratnam, UK Policy Lead, Crypto Council for Innovation:
💬 “The missing piece of the puzzle is conflicts of laws rules.”
🎤 Natalie Lewis, Partner, Travers Smith
💬 “The biggest challenge for the UK at the moment is that it hasn’t decided on it’s approach to digital money.”
🎤 Katie Harries, Director & Head of Policy, Europe, Coinbase
💬 “We cannot unlock the sector until we get regulation right”
🎤 Riccardo Tordera-Ricchi, Director of Policy & Government Relations, The Payments Association
More to follow after lunch.
#CryptoAssets #Stablecoins #Payments
