UK Finance Minister Rishi Sunak UK crypto-friendly tech hub announced its plans to issue stablecoins and issue NFT as part of its positioning proposal.
In a press release by the UK Treasury, there are digital assets equated to real currencies. valid currency of stablecoins Recognition plans as confirmed. The Minister also stated that with appropriate regulations, they can provide an efficient payment method and expand consumer choice.
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UK wants to be crypto-friendly tech hub
The British Finance Minister made the statement that delighted thousands of crypto and NFT owners. Finance Minister Rishi Sunak The UK has new plans to become the global hub of crypto assets. In addition to crypto, surprising decisions were also made for NFT.
Minister Sunak stated that the UK will ensure that crypto assets are always at the forefront of the financial services industry:
“It is my aim to make the UK a global hub for crypto-asset technology and the measures we have outlined today will help enable firms to invest and innovate in this country while growing at the same time.”
The Treasury is also due the end of this summer to indicate that the UK is open to digital assets. The Royal Mint’s plans to launch the NFT announced. Although we do not know the details about NFTs yet, we can say that it has been approved by the UK Finance Minister.
Alongside these regulations, the Treasury is in charge of promoting the further development of the crypto-asset market. UK tax system He said it would increase his competitiveness. In addition, the “financial market infrastructure space” will be presented to enable companies to innovate in the crypto space.
The UK’s new decisions actually came at an unexpected time. Bank of Englandhas repeatedly said that crypto can threaten financial stability. Even the Governor of the Federal Reserve, Andrew Bailey, crypto scammers He regarded it as a tool he used.
But what do you think about the new crypto steps to be taken by the UK? Do not forget to share your views with us in the comments section or on the SDN Forum.