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Bim Afolami Takes Charge: New Era Of Crypto Policies In UK Treasury
Tuesday, November 14, 2023 - 2:47pm | 381Bim Afolami has been assigned as the new economic secretary to the Treasury in the United Kingdom, a position that involves overseeing policies related to cryptocurrencies and central bank digital currencies (CBDCs). This appointment was part of a recent cabinet reshuffle by Prime Minister Rishi...
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UK's Economic Secretary Challenges New Crypto Advertising Regulations
Monday, October 16, 2023 - 3:29pm | 543The UK's Economic Secretary to the Treasury Andrew Griffith is voicing concerns over the country's upcoming cryptocurrency advertising regulations, emphasizing the growing rift between the government and regulators concerning digital assets. Griffith's concerns were communicated to...
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UK Finance Ministry Disagrees With Calls To Regulate Crypto As Gambling
Thursday, July 20, 2023 - 5:01pm | 516In response to the U.K. Treasury Committee's recommendations to regulate crypto assets as gambling instruments, U.K. Financial Services Minister Andrew Griffith expressed the Finance Ministry's firm disagreement with such a proposal. In a letter to the Treasury Committee, Griffith...
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UK Embraces Crypto - Paving The Way For 'Britcoin' And A 'Web3 Innovation Hub'
Wednesday, April 19, 2023 - 10:39am | 615A British legislator has suggested that the United Kingdom may establish digital asset regulations within a year in order to take advantage of the potential benefits that blockchain technology could provide for the private sector and the overall economy. During an interview with CNBC on April 17,...
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UK Could Use Brexit To Make New Crypto Law In Next 12 Months
Tuesday, April 18, 2023 - 11:25am | 600The UK government will use Brexit to carve a different regulatory program for crypto that could come into law in the next 12 months, according to Andrew Griffith, economic secretary to the Treasury. "We've got control back of our rulebook, not something the UK has had for decades,"...
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Royal Mint's Shock Decision To Scrap NFT Launch Deals Huge Blow To UK's Crypto Innovation Drive
Tuesday, March 28, 2023 - 5:22pm | 288The U.K. Treasury abandoned plans to launch a non-fungible token (NFT) as part of a broader effort to establish the country as a leading hub for cryptocurrency innovation, according to a report. The initiative, which was proposed by then-Chancellor of the Exchequer and current Prime Minister Rishi...
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UK Financial Services Head Plans 'Timely, Sensible And Balanced' Crypto Regulation
Wednesday, January 25, 2023 - 1:27pm | 461U.K. Financial Services Minister Andrew Griffith announced plans for greater engagement with the crypto sector and new post-Brexit laws during a parliamentary debate on regulating cryptocurrencies. "My undertaking is to have six roundtables with the sector with a variety of sector participants...