UK Treasury Economic Secretary: UK Wants to Be Country of Choice for Creators in Crypto

The U.K. wants to "become the country of choice for those looking to create, innovate and build in the crypto space," UK Treasury Economic Secretary Richard Fuller said in the first Westminster crypto debate on Wednesday. On the regulatory front, the U.K. is trying to catch up with the European Union, which is close to pushing through its wide-ranging crypto bill that has a heavy focus on stablecoins. "By making this country a hospitable place for crypto technologies, we can attract investment, generate new jobs, benefit from tax revenues, create a wave of groundbreaking new products and services and bridge the current position of [the] U.K. financial services into a new era," Fuller said in the debate.