UK pushes crypto efforts forward through financial services reforms

The United Kingdom’s Chancellor of the Exchequer Jeremy Hunt laid out a number of reforms aiming to “drive growth and competitiveness” to the country’s financial services sector including efforts that support the crypto space.

In an announcement, the U.K. government highlighted that it will create a smarter regulatory framework for the country that it describes as “agile, less costly and more responsive to emerging trends.”

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