The UK government has recently announced its plan to position the country as a global leader in the development and adoption of cryptoasset technology. The plan aims to create a regulatory framework that fosters innovation and attracts investment to the UK, while at the same time protecting consumers and maintaining the integrity of the financial system.
As part of the new measures, stablecoins will be brought within regulation to allow their use as valid forms of payment. Other measures include:
- Commissioning the Royal Mint to create an NFT this summer
- Enhance the competitiveness of the UK tax industry to appeal to Crypto investment
- Establishing a ministerial-chaired Cryptoasset Engagement Group
Read more here – https://www.gov.uk/government/news/government-sets-out-plan-to-make-uk-a-global-cryptoasset-technology-hub
