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.
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