2 years ago
Andrew Griffith, economical caput to the U.K. Treasury, told lawmakers that the authorities had nary plans to name a 'crypto tsar' during a Tuesday debate.
The statement was hosted by the cross-party Crypto and Digital Assets All Parliamentary Group (APPG), which published a study earlier successful June asking the authorities to name an authoritative to exclusively oversee crypto regulation. The U.K. Treasury had earlier proposed crypto should beryllium regulated arsenic fiscal services, with a measure to that effect present moving done Parliament.
"The authorities has nary plans for a peculiar crypto tsar but I undertake to champion the assemblage rather rightly, successful my relation arsenic the economical caput and [as someone] liable for fiscal regularisation successful the U.K.,” Griffith said. He has said he wants the state to beryllium a crypto hub in the past.
Griffith besides reiterated the government's presumption to modulate crypto arsenic fiscal services aft lawmakers successful the House of Commons Treasury Select Committee projected crypto should alternatively beryllium regulated similar gambling.
“There person been immoderate suggestions by chap parliamentarians that crypto assets are much akin to gambling I refute that, that is not the government's position," Griffith said. "The close regulator[s] [are] the fiscal regulators with their heavy expertise and knowing of issues similar however to guarantee markets are fair, however to support consumers.”
Griffith besides said helium was "thrilled" that task superior elephantine Andreessen Horowitz (a16z) had chosen London arsenic the tract for its archetypal bureau extracurricular the U.S.
"I anticipation that they blaze a way that galore others follow," Griffith said.
Edited by Sandali Handagama.
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