British MP Calls for 'Liberal' Crypto Regulation – Says 'No Country Can Stop This Revolution'
Liberal Crypto Regulation
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British Parliament Member Matt Hancock has called for liberal cryptocurrency regulation, noting that no country can stop the crypto revolution. I hate the patronizing idea of regulators telling people what they can and cant do with their money, the lawmaker stressed. British MP Wants Liberal Crypto Regulation Matt Hancock, a conservative member of parliament and former British health secretary, this week reiterated the importance of a liberal regulatory framework for cryptocurrencies. In his keynote address Wednesday at Crypto AM's fourth anniversary conference, Hancock called for an "attractive" tax system and a "liberal" regulatory regime to help the UK. Be the "Jurisdiction of Choice for Cryptocurrencies". He insisted: "Britain succeeds when it embraces new technology." Hancock has been an outspoken crypto advocate. He said at the London Crypto Club in April: “If we get regulation right crypto will not only accelerate growth but also make financial systems more transparent and reduce crime. We must understand and harness the potential of new technologies, not fear and avoid their disruptive power." Last month, the British government unveiled plans to support crypto adoption. Rishi Sunak, Chancellor of the British Exchequer revealed a number of initiatives in April for the UK to become a global crypto hub, regulate stablecoins and create a non-fungible token (NFT) for the Royal Mint.
UK Prime Minister John McDonnell called for the UK to create a 'new kind of liberal crypto regulation', which would allow crypto currencies access to mainstream finance and boost the industry. Speaking after meeting with major businesses in the technology sector,