UK Cities Minister: The UK can "lead the world" in the cryptocurrency sector

According to FT, UK Cities Minister Lucy Rigby stated that the UK is expected to "lead globally" in the cryptocurrency sector, with the government developing landmark new regulations to bring crypto asset companies into the regulatory framework.

Rigby emphasized, "We want the UK to be the jurisdiction of choice for crypto asset companies looking to develop, and these new rules will provide the clarity and consistency that businesses need for long-term planning."