Petition in the United Kingdom calls for Clear Framework for Stablecoins, Tokenization and Blockchain Use in Public Services

A public petition hosted on the UK Parliament’s website is urging the government to establish a clear regulatory framework for stablecoins and tokenization, alongside greater adoption of blockchain in public services. Backed in part by a user campaign from Coinbase, the petition seeks to reduce legal uncertainty and accelerate the development of digital payment and asset tokenization solutions. It also calls for the appointment of a dedicated national crypto policy lead to coordinate strategy across government departments.

Main Demands of the Petition

The petition outlines three core requests:

• Clear, robust rules for stablecoins and tokenized assets

• Government integration of blockchain technology into public services

• A single appointed official to oversee and synchronize national crypto policy

The goal is to position the UK as a leading hub for digital assets by providing regulatory certainty that encourages responsible innovation.

Potential Benefits for the United Kingdom

A well-defined regulatory framework could enhance the UK’s competitiveness, attracting global investment and talent while modernizing payment systems. The adoption of blockchain by public agencies could also improve efficiency in areas like digital identity and supply chain management, supporting both economic growth and public sector innovation.

Risks Identified and Safeguards Requested

The petition acknowledges that without proper oversight, stablecoins could introduce systemic risks. It emphasizes the need for technical and legal safeguards—including independent audits, reserve requirements, and resolution mechanisms—while cautioning against excessive regulation that might limit financial autonomy or stifle innovation.

Political Dynamics and Implications

Coinbase and other industry groups have mobilized support for the petition to demonstrate public and commercial demand for clearer rules. With other jurisdictions advancing their own regulatory frameworks, the UK faces growing pressure to act or risk being left behind. The petition argues that timely, balanced regulation can spur market growth and adoption, while delay may disadvantage the UK’s financial and technological standing.