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Coinbase Tokenization Head: Revised UK Legislation Will Allow Stablecoins or Other Asset Trading Pairs

Anthony Bassili, Coinbase's Asset Allocation and Tokenization Director, commented on the "UK government's consultation on digital securities sandbox" on social media, stating that the initial draft of the sandbox included all banks, bonds, stocks, and private chain stores. 19 respondents gave their opinions.

The revised legislation is: 1) open to any large-scale encryption infrastructure or licensed institution; 2) allow public permissionless chains; 3) allow stablecoins or other asset trading pairs; 4) allow funds, UCITS, and many other types of tools.

The UK has done well in this regard.

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