UK Finance Minister: Creating an overly cautious regulatory environment is futile
Newly appointed UK Chancellor of the Exchequer, Bim Afolami, stated that regulatory bodies need to strike a balance between effective supervision and leaving room for innovation and growth. Creating an overly cautious regulatory environment is futile. We need innovation, we need to promote growth and initiative. Additionally, he stated that we should not treat all cryptocurrency companies equally. It is important that we do not view all crypto businesses as being like FTX or Binance.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
South Korea Plans to Relax Institutional Crypto Trading Restrictions
Oklahoma senator files Bitcoin Freedom Act enabling wages in BTC
MANTRA seals $1b RWA deal with UAE-based DAMAC Group
Compound lending platform adds Ethena’s USDe and Mantle’s mETH