UK Aims to Become Global Crypto Hub, Says Exchequer

The HMTreasuryUK wants to be a global crypto hub. Here's what it has planned. camomileshumba reports.

Global Finance Summit - will be bringing stablecoins into the U.K. payments framework.

“The U.K. is also playing a leading role in negotiations on the new tax reporting framework to enhance tax transparency and consumer confidence while enabling a level playing field in tax reporting globally,” he added. Decentralized autonomous organizations have not escaped U.K. regulator scrutiny. The Treasury asked the Law Commission, an independent body that keeps the law of England and Wales under review, to undertake a new project to consider the legal status of

For that, the government will be launching a high level industry group called the crypto asset engagement group to help guide next steps in regulation.

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