UK economic secretary commits to make country a crypto hub under new PM

UK economic secretary commits to make country a crypto hub under new PM

“We want to become the country of choice for those looking to create, innovate and build in the crypto space," said MP Richard Fuller. Richard Fuller, the Economic Secretary to the Treasury, said the government wants the United Kingdom to be the “dominant global hub for crypto technologies.”In a parliamentary debate on crypto asset regulation in the U.K. on Wednesday, Fuller spoke in favor of “powerful” use cases for cryptocurrency and blockchain technology, including using distributed ledger technology for customs and international trade and storing medical records on the blockchain.....


Related News

Government Official Discusses Indian Crypto Policy, Global Regulations, G20 M...

India’s economic affairs secretary, Ajay Seth, has provided an update on what the Indian government is doing in terms of finalizing cryptocurrency legislation. He expects crypto regulation to be discussed at the upcoming G20 meeting for finance ministers and central bank governors. Economic Affairs Secretary Discusses Cryptocurrency Regulation in India India’s economic affairs secretary, Ajay Seth, reportedly shared the progress of cryptocurrency legislation in India in an interview with PTI, published Friday. A cryptocurrency bill was listed to be....

Indian Government Finalizing Crypto Consultation Paper — ‘We Are Looking at a...

India’s economic affairs secretary has reportedly revealed that the government’s consultation paper on cryptocurrency is “fairly ready.” He explained that the Indian government is looking at “a global paradigm on digital assets,” emphasizing that “There has to be a broad framework on which all economies have to be together.” Economic Affairs Secretary Ajay Seth on Crypto Indian Economic Affairs Secretary Ajay Seth provided an update Monday on the government’s progress to establish India’s crypto....

Bitcoin Core Has More Contributors Than Developers, And That’s OK

Contrary to popular belief, having more developers does not make things go any faster by default. It is not overly difficult to come across a controversial topic in the Bitcoin world these days. A new Reddit discussion erupted over the number of people actively contributing to Bitcoin Core development. The team claims roughly 100 people are involved, yet only 30 made actual commits last month. But does it even matter in the end, as long as there is progress? It has become apparent the Bitcoin community sometimes nitpicks about the strangest things. Granted, Bitcoin Core claiming to have....

Treasury Secretary Yellen Says Crypto Regulation Should Support Responsible I...

Treasury Secretary Yellen says the regulatory frameworks for crypto assets in the U.S. should “support responsible innovation while managing risks.” She emphasized, “Regulation should be based on risks and activities, not specific technologies.” Treasury Secretary Yellen on Crypto Regulation U.S. Treasury Secretary Janet Yellen talked about crypto regulation Thursday at American University’s Kogod School of Business Center for Innovation. “Digital assets may be relatively new, but they are part of a larger trend – the....

US Senator Urges Treasury Secretary to ‘Make Significant Revisions’ to FinCEN...

U.S. Senator Pat Toomey has urged Treasury Secretary Janet Yellen to “make significant revisions” to the proposed crypto regulation by the Financial Crimes Enforcement Network (FinCEN) and the planned adoption of the guidance issued by the Financial Action Task Force (FATF). Senator Asks Janet Yellen to Revise Proposed US Crypto Regulation U.S. Senator Pat Toomey wrote a letter to Treasury Secretary Janet Yellen Thursday regarding the U.S. approach to cryptocurrency regulation. “I write to raise concerns with two proposals involving the Department of the Treasury related....