U.K. Treasury Minister griffitha said the collapse of FTX_Official won't put the country off its plan of becoming a global hub for the crypto industry. camomileshumba reports.
"We’re driving forward this agenda and I continue to chair the crypto-engagement group to hear from industry and share progress," Griffith said at TheCityUK’s National Conference in Edinburgh on Thursday."Yes, there are questions about the future of crypto, but we’d be foolish to ignore the potential of the underlying technology."in April, when Rishi Sunak, now the prime minister, was Chancellor of the Exchequer under then-Prime Minister Boris Johnson.
While Glen resigned in July as ministers deserted Johnson's government, he's back as Chief Secretary to the Treasury. Since the demise of FTX last month, lawmakers have become more skeptical, and the industry has had"For me, recent events in the crypto market reinforce the case for timely, clear and effective regulation," Griffith said."The Financial Services and Markets Bill already enables us to establish a framework for regulating crypto assets and stablecoins in the U.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
32% of Americans Own Crypto, But Just 9% Can Pass This Crypto Literacy Quiz | CoinMarketCapOnly 30% knew what network nodes are, while just 25% understood crypto mining, 20% correctly identifying staking and a satoshi.
Read more »
Dogecoin Surprises Crypto Investors: Crypto Market Review, Nov. 30$DOGE has been one of the most active digital assets on the market, and it's not stopping despite the lack of volume on the crypto market
Read more »
Report: Nigerian Securities Regulator to Exclude Crypto in its Digital Asset Agenda – Regulation Bitcoin News'The commission is in the business of protecting investors, not in the business of speculation,' Lamido Yuguda reportedly said. lamidoyuguda investorprotection digitalassets
Read more »
Canada's Manitoba Province Enacts 18-Month Moratorium on New Crypto Mining: ReportsManitoba's government is halting the connection of new crypto mining operations to the province's grid, concerned they might overwhelm the existing energy capacity. By egreechee
Read more »
CFTC commissioner calls for a household category of crypto investorChristy Goldsmith Romero on Wednesday heightened calls for stronger scrutiny of cryptocurrency exchanges.
Read more »
Manitoba Halts New Crypto Mining Projects Due to Expected High Energy Demand – Mining Bitcoin NewsAuthorities in Manitoba are temporarily suspending the connection of new crypto mining facilities to the power grid.
Read more »