July 24, 2024


Crypto News and Signals

UK Government gives temprorary license to 5 Crypto Exchanges

1 min read

United Kingdom FCA (Financial Conduct Authority) known as SEC in USA, has give five temporary crypto license to firms to operate in UK.

Last week, the U.K. government unveiled a detailed plan to make the country a global crypto hub (London will be the capital of Crypto), and a “hospitable place for crypto.”

As part of the plan, the government has decided to regulate stable coins and the chancellor of the exchequer, Rishi Sunak, has asked the Royal Mint to create a non-fungible token (NFT) to be issued by the summer.

Sunak opined: “It’s my ambition to make the U.K. a global hub for crypto asset technology, and the measures we’ve outlined today will help to ensure firms can invest, innovate, and scale up in this country.”

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