Posted 12/20/2023, 6:19:43 PM
UK Unveils New Crypto Legislation to Become Global Digital Assets Hub
- UK government announcing new digital asset legislation to make country a crypto hub
- Seeking to work with fintech companies to create more established digital security landscape
- Introduced Digital Securities Sandbox (DSS) for companies to test new offerings under supervision
- Draft legislation published allowing businesses to test tokenizing securities on blockchain
- Actively taking steps to become global crypto hub, with willingness to facilitate industry growth