Digital Assets Week: UK government set out view on crypto regulation
The 2-day event took place in London and key figures from the digital assets industry attended.
Digital Assets Week saw figures from government, finance and digital asset providers come together to give their take on the next steps for digital assets such as crypto.
The conference opened with a speech from Andrew Griffith, economic secretary to the Treasury; he reiterated the government’s intention for the UK to play a leading role in creating a safe environment for crypto adoption.
Future regulation was a key theme among speakers. Against the backdrop of FTX’s collapse, there was a strong feeling from panelists and speakers that proportionate and clear regulation can help encourage people to engage with digital assets.
Other talks focused on the potential of the digital ecosystem. Speakers drew clear lines between cryptocurrencies and digital securities for example.
Interoperability – a computer system’s ability to exchange and make use of information – was also a key strength in developing a digital ecosystem, according to several speakers.
Finder crypto experts attended, and Finder was a media partner for the event.
If you want to learn more, the Digital Asset Week series takes place throughout the year in London, California and Singapore. For upcoming events, see the Digital Assets Week site.
*Cryptocurrencies aren't regulated in the UK and there's no protection from the Financial Ombudsman or the Financial Services Compensation Scheme. Your capital is at risk. Capital gains tax on profits may apply.
Cryptocurrencies are speculative and investing in them involves significant risks - they're highly volatile, vulnerable to hacking and sensitive to secondary activity. The value of investments can fall as well as rise and you may get back less than you invested. Past performance is no guarantee of future results. This content shouldn't be interpreted as a recommendation to invest. Before you invest, you should get advice and decide whether the potential return outweighs the risks. Finder, or the author, may have holdings in the cryptocurrencies discussed.
