During a performance at the Emma Reynolds Emma Reynolds Economic Forum, the UK is striving for independent judgments in the regulation of the digital assets industry and does not intend to blindly copy the actions of other countries and governments.
“We see that the United States is already implementing a project to create a strategic crypto -reserve, and we understand what they are striving for. However, we do not think that it is suitable for our market, ”Raynolds said.
At the same time, she emphasized the importance of cooperation with the United States to develop unified crypto -industry regulation standards. According to Reynolds, the joint work of the two countries can set landmarks to improve regulatory rules for the entire cryptocurrency market.
The official excluded the creation of the UK National Cryptosurre in the near future, since the Ministry of Finance will focus on improving the normative approach in the field of regulated digital assets and blockchain, and not on direct copying of the American model.
“We see the potential in this to increase economic sustainability and stimulate the innovations of the British crypto -industry,” Raynolds said.
To prepare and implement legislative initiatives under the Ministry of Finance, a working group was created that will deal with the issues of strengthening the position of the country as a world center of financial technology and the development of a balanced policy in the field of cryptocurrencies, Raynolds added.
Earlier, the British financial regulation and supervision department (FCA) reported the intention to introduce a ban on the use of borrowed funds, including credit cards, for the purchase of cryptocurrency by private investors.
Source: Bits
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