Crypto: What if the UK becomes the next European hub?

While the European Union multiplies the initiatives to have a common regulation on the cryptos, the United Kingdom aims much bigger. The government of Liz Truss would consider making the country a privileged host country for players in the sector. This was revealed on Wednesday by Treasury Secretary Richard Fuller. He also took the opportunity to deliver some details of this policy.

Bringing financial services into a new era

The new executive’s goal in crypto is to attract project leaders and all those who innovate. To reassure them, various bills favoring the proper conduct of their activities on site are being drawn up. The first of these relates to financial services and markets. It aims in particular to regulate the use of cryptocurrencies and stablecoins as a means of payment. Mr. Fuller also mentioned the fight against crypto crime, which will be framed by another bill.

With these two instruments, one serving the cryptosphere and the other protecting the interests of users, the UK hopes to become the next european crypto center. Mr. Fuller expects in particular that this policy propels the country’s financial services into a new era.

By making this country a welcoming place for crypto technologies, we can attract investment, generate new jobs, benefit from tax revenues, create a wave of revolutionary new products and services, and bring in the current position of UK financial services. in a new era. “, did he declare.

Like the rest of Europe, the United Kingdom intends to adopt regulations to regulate the use of cryptos. However, it should allow developers and innovators in the industry to settle there to help the country become a crypto center.

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