Philip Hammond – a British politician who served as Chancellor of the Exchequer from 2016 to 2019 – urged the United Kingdom’s authorities to open their arms to the digital asset industry. Otherwise, other countries that have already hopped on the bandwagon will turn into global crypto leaders, while the UK will miss this opportunity.criticized
“It isn’t too late for us to catch up and recover, but we are getting very close to the point where it will be too late.”bitcoin and the altcoins could secure London’s financial stability in times when the kingdom is struggling with Brexit consequences and record inflation. “Regulators have been heavily distracted. We need to move pretty quickly to show that this technology is recognized and accepted by legislators and regulators in the UK.”
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