Britain Targets Crypto Hubs

This is a Britain news story, published by CNBC, that relates primarily to Poppy Gustafsson news.

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crypto sector

CNBC

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Britain wants to take the U.S. on as a global crypto hub — but the industry has its doubts

Summary

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84% Informative

Britain 's Labour government committed to making the country an accommodating environment for businesses engaged in crypto and blockchain-related activities.

Investment Minister Poppy Gustafsson touted the "enormous potential" of the crypto sector at an event hosted by Stand with Crypto U.K. Steven Bartlett , a British entrepreneur and podcaster, questioned whether the country had the risk appetite to capitalize on the "generational opportunity".

KR1, a publicly-traded digital asset investment firm that specializes in blockchain technology, said outdated rules in the U.K. are making it difficult for crypto-focused investment businesses like his to become more widely known.

KR1 is currently listed on the Acquis Stock Exchange , a trading venue for high-growth firms.

Experts are hoping the FCA will encourage and foster innovation not stifle it.

VR Score

Informative language

Neutral language

Article tone

formal

Language

English

Language complexity

Offensive language

not offensive