CryptoUK Chief Executive, Ian Taylor responds to the keynote speech (above link), given by Economic Secretary, John Glen during the Innovate Finance Global Summit.
Ian Taylor commented:
“We welcome today’s announcement by the Economic Secretary, John Glen MP, on the Government’s approach towards the UK crypto and digital asset sector. The UK crypto sector has grown significantly over recent years with millions of people now owning some form of cryptocurrency. Crypto is too big to ignore and it’s not going away. The opportunities for the UK in terms of crypto are vast and we welcome the Government’s plans to be pro crypto innovation and its recognition of the opportunities and potential of the UK crypto sector. The UK crypto sector supports regulation and wants to see high standards in terms of regulation and consumer protection, whilst also sending a clear message that the UK is open for business when it comes to crypto. We welcome the establishment of a cryptoasset engagement group and will be actively looking to work with Government through this forum and others to help inform future policy and regulation for the sector. Whilst we welcome today’s announcement we must also demonstrate this commitment through actions. This is a crucial time for the sector and we must act quickly or the UK risks being left behind.”