Rachel Reeves has announced plans to regulate cryptoassets such as Bitcoin in a bid to make the UK “a world leader in digital assets”.
The Chancellor told a fintech conference on Tuesday that she would “back the builders” as she announced plans to make crypto firms subject to regulation in the same way as traditional finance companies.
Ms Reeves said: “For the UK to be a world leader in digital assets, international co-operation is vital.”
She added that there would be further discussion at a US/UK regulatory working group in June “to support the use and responsible growth of digital assets”.