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Following US moves, UK looks to regulate crypto, create government token

Following efforts by the US and others to address cryptocurrency standards, UK officials this week said they want Britain to lead the world and create their own government-backed digital token for international trade.

“We want this country to be a global hub — the very best place in the world to start and scale crypto-companies,” said John Glen, MP and UK Economic Secretary to the Treasury.

Glen’s comments came during a keynote speech at the Innovate Finance Global Summit during Fintech Week 2022, where he also asserted the UK is the leading European financial technology (Fintech) hub, “second only to the US worldwide.”

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Source:: Computerworld