The senior minister said that the UK may have crypto regulation within a year.

Key Highlights :

1. The U.K. is planning to implement digital asset regulation within 12 months.

2. The U.K. wants to capitalize on the benefits that blockchain can bring to the private sector and economy.

3. The U.K. is in a growth mindset to maximize the economic efforts brought by tech innovation in the private sector.

4. Coinbase is meeting with the UK Economic Secretary and City Minister to discuss crypto regulations.

     In a recent speech, U.S. Rep. Kevin Brady (R-TX) outlined his vision for the future of economic growth in America. Brady believes that the best way to achieve this is through a regulatory system that is both pragmatic and proportionate.

     Brady’s remarks come as the Trump administration is working to finalize a new regulatory agenda. The agenda is expected to include a number of measures that are likely to have a negative impact on economic growth.

     One of the most important tasks of the regulatory system is to ensure that businesses can operate freely and productively. This is why Brady believes that the regulatory system must be pragmatic in nature. He said that the system should not be overly burdensome, but it should also be effective in protecting the public.

     Brady also emphasized the need for the regulatory system to be proportionate. He said that the system should not unfairly target certain industries or businesses. Instead, the system should be designed to be fair and consistent across all industries.

     Brady’s remarks underscore the importance of having a pragmatic and proportionate regulatory system. This system will help to ensure that businesses can operate freely and productively while also protecting the public.

Continue Reading at Source : cointelegraph