Richard Fuller, economic secretary, United Kingdom’s Treasury, stated that the country’s government aims to make the country to be a global hub for cryptocurrency technologies, as reported by Cointelegraph.
According to Cointelegraph, in a parliamentary debate around cryptocurrency assets regulation, Fuller showed support towards use cases of cryptocurrency and blockchain technology, including the use of distributed ledger technology (DLT) in customs, international trade and keeping of medical records on blockchain. The parliamentary private secretary Alexander Stafford spoke on how the country’s recently elected prime minister Liz Truss has reaffirmed her commitment through internet connectivity for UK residents, to allow access to buying and selling of cryptocurrency-based transactions.
“As crypto technologies grow in significance, the UK Government are seeking ways to achieve global competitive advantage for the United Kingdom,” Fuller said.
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