The United Kingdom and the United States have initiated a joint regulatory sandbox to facilitate cross-border crypto licensing, marking a significant step towards global regulatory alignment. This initiative aims to introduce passporting arrangements, enabling compliant crypto firms to operate seamlessly between the two markets. Additionally, the Bank of England has released a consultation paper proposing a regulatory framework for sterling-backed systemic stablecoins. In related developments, DeepSnitch AI (DSNT) has successfully raised over $510,000 in its presale, with its token price increasing by 48% to $0.02244. The platform employs five AI agents to monitor whale wallets and provide real-time insights via Telegram. Despite recent crypto fund outflows totaling $1.17 billion, Solana and XRP have experienced inflows, while meme coins like Dogecoin and Shiba Inu continue to maintain popularity.
UK and US Launch Joint Crypto Regulatory Sandbox
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