Britain can compete with US as a crypto hub, insists City minister

Britain can compete with US as a crypto hub, insists City minister

15 Dec Crypto News

Britain can “without a doubt” compete with the United States and become an international hub for cryptoassets, the City minister has said as the government sets out legislation to regulate the nascent digital assets market.

Lucy Rigby said that the move, which has long been awaited by the cryptocurrency industry amid criticism the UK is moving too slowly, demonstrated that Britain intended to “lead the world in digital assets adoption”.

“This is about a recognition that cryptoassets are here to stay and so we need to modernise regulation to ensure that it’s fit for the digital age,” she told The Times. “Firms have been very clear with us that they want this regulatory clarity because it will allow them to invest here.”

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