Breaking news! The British Government is planning on making the UK the next technology hub in the world of cryptocurrency. What does this mean for the average consumer? What does this mean for business owners? How will this change the world of finance as we know it?
This announcement is part of a series of measures to make the UK a global hub for cryptoasset technology and investment, and to ensure the UK financial services sector remains at the cutting edge of future technology.
Some of the measures that the govenment would like to include, may be legislating for a ‘financial market infrastructure sandbox’ to help firms innovate, an FCA-led ‘CryptoSprint’, working with the Royal Mint on an NFT, and an engagement group to work more closely with industry.
Here are some of the plans to UK Government plan to take as part