Coinbase is giving advice to the UK on how to become a Web3 hub while a report claims the Treasury is rejuvenating a blockchain-focused taskforce.
1. Some UK banks are blocking fiat payments to crypto companies which is not ok.2. The Financial Promotion regime goes too far…Under the guidance of City Minister Griffith, the Treasury will soon revive the Asset Management Taskforce according to a report from Sky News U.K.
The Asset Management Taskforce was initially established in 2017 and was designed to encourage greater communication between the government, the FinTech and crypto sectors and the local financial regulator the Financial Conduct Authority .However, Sky News claims that talks will take place this week between the Treasury, FCA, fund management bosses and other stakeholders as the government looks for ways to bolster the local crypto asset sector.
“We set out plans in our wide-ranging consultation published in February, and we want to proactively support the use of distributed ledger technology and tokenization where it makes sense,” he said.
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