Lord Kulveer Ranger on digital assets, digital pound, and stablecoins

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Following an evidence session with the Bank of England, UK parliamentarian Lord Kulveer Ranger reported that the central bank remains cautious while engaging on digital assets, systemic stablecoins, and the digital pound. He noted mixed industry sentiment regarding the Digital Securities Sandbox due to participation costs and unclear pathways to commercial deployment. Ranger called for UK regulators to provide greater certainty and shift from consultation to execution to remain competitive globally.