Brian Quintenz, director of policy at a16z, posted on social platforms that the UK Treasury has issued a conclusive statement on the regulatory system for crypto assets, and it is exciting.

Andrew Griffith MP, Economic Secretary to the UK Treasury, has made the government’s interest in embracing blockchain and crypto innovation very clear, and the government’s ambition to make the UK a global hub for crypto asset technology remains firm.

Now, with the future regulatory framework clearly outlined and the Financial Services and Markets Act having been passed, the UK is set to start and expand crypto asset businesses.