Richard Fuller, the Economic Secretary to the Treasury, said the government wants the United Kingdom to be the “dominant global hub for crypto technologies.”
In a parliamentary debate on crypto asset regulation in the U.K. on Wednesday, Fuller spoke in favor of “powerful” use cases for cryptocurrency and blockchain technology, including using distributed ledger technology for customs and international trade and storing medical records on the blockchain. Alexander Stafford, the parliamentary private secretary to newly elected Prime Minister Liz Truss, added the prime minister “reaffirmed” her commitment to providing internet connectivity for U.K. residents, which could allow access to buying, selling and mining crypto.
“As crypto technologies grow in significance, the U.K. Government are seeking ways to achieve global competitive advantage for the United Kingdom,” said Fuller.
The economic secretary added:
“We want to become the country of choice for those looking to create, innovate...
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