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UK Treasurer: Crypto Regulation Could Be Effective Within 1 Year

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British Treasury Secretary Andrew Griffith said the country could have legislation for the cryptocurrency sector within a year.

Andrew Griffith told CNBC on April 17 that the country’s future in twelve months on the crypto industry solution based And will not hinder innovation He stated that he may have a cryptocurrency legislation.

Minister, companies’ crypto assets in the best way He stated that the government is at an ideal point after a long period of time within the scope of the policy it is intended to benefit from. Griffith, decades later cryptocurrencies for the first time pragmatic And reasonable to arrange somehow opportunity noticed what they achieved.

The minister said that the current crypto regulatory framework being studied financial asset laws crypto specific with new rules announced that it would merge. Crypto assets And blockchain of technology of the advantages Emphasizing that they want to benefit from the same assets wherever possible, Griffith same way stated that they would like it to be arranged.

On the other hand, the country stablecoin And Central Bank Digital Currency (CBDC) the one which… “Bitcoin” Referring to the plans, the minister to stablecoins existing bill for with financial legislation together with cryptocurrencies early He said he would come. However coin about, dominant creating a digital currency high level of flexibility And to the infrastructure stating that you need Griffith, the release of that it will take time underlined.

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