UK to Announce Launch of ‘Cryptoassets Task Force’

[kreslik.news]

Philip Hammond, Chancellor of the Exchequer, will announce the launch of a ‘cryptoassets task force’ at the British government’s ‘International Fintech Conference’, which is being held today in central London.

The task force will be made up of people from the treasury, the Bank of England, and the Financial Conduct Authority (the UK’s financial regulator). It is being created to “manage the risks around Cryptoassets, as well as harnessing the potential benefits of the underlying technology,” according to Hammond.

A couple of weeks ago, Mark Carney, Governor of the Bank of England, gave a speech in London in which he warned of ... (read more)