Minister Announces, UK Could Become Bitcoin Hub! “We Think Long Term”

from England today cryptocurrency The statements regarding the units did not cease.

While the Governor of the Bank of England stated that cryptocurrencies opened a new door to fraud, positive statements came from the British Finance Minister.

The UK government has today revealed a plan to become the global crypto-asset technology hub.

In this context, the crypto money plan was gathered in three items:

“Stablecoins will be included in the regulation paving the way for their use as a recognized form of payment in the UK.

A series of measures will be announced to make the UK a global hub for crypto-asset technology and investment.

The measures will include an FCA-led CryptoSprint to help firms innovate, working on an NFT with Royal Mint, and a participation group to work more closely with the industry.”

Making a statement on the subject, British Finance Minister Rishi Suna said:

“It is my aim to make the UK a global hub for crypto asset technology.

In this context, the measures we have summarized today will help companies to invest, innovate and scale up in this country.

We want to see the businesses of the future and the jobs they create in the UK. Therefore, by effectively regulating the crypto space, we can give them the confidence they need to think and invest in the long-term.

These announced measures are part of our plan to ensure that the UK financial services sector is always at the forefront of technology and innovation.”

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