‘UK can do better’: Kraken urges regulators to move faster on stablecoin and tokenization rules

Speaking at Zebu Live, Kraken UK Managing Director Bivu Das emphasized that the UK remains one of Kraken's largest global markets, with one in five adults owning crypto. While supporting the UK's consultative regulatory approach, Das called on policymakers to move faster on stablecoin and tokenization rules to avoid stifling innovation and lagging behind other jurisdictions. He cited Kraken's xStocks product launch in the EU as an example of innovation currently unavailable in the UK due to regulatory delays. Das noted that while the Bank of England has been less open to experimentation, citing its proposed stablecoin exposure cap, there is a clearer path toward comprehensive crypto regulation covering market infrastructure. Despite these regulatory frictions, Kraken continues to expand its offerings in the UK, including launching the neo-bank challenger Krak, and Das observed that the current crypto market appears more mature and resilient following recent volatility.

(Source：The Block)