The UK Economy Minister says the FTX collapse will not derail his crypto plans.
British Economy Secretary Andrew Griffith reiterated the country’s goal of becoming a key hub for the crypto industry, saying there is no reason to change course.
UK Remains Aiming To Be A Key Center In The Crypto Industry
British Economy Minister Andrew Griffith spoke about the country’s crypto plans at TheCityUK’s National Conference in Edinburgh.
Griffith spoke of the plans:
His predecessor, John Glen, laid out the UK’s crypto-specific goals in April when Rishi Sunak, now prime minister, was then-Prime Minister Boris Johnson’s Finance Minister. Glen resigned in July as ministers left the Johnson government, while he returned as Chief Secretary of the Treasury. Since FTX ended last month, lawmakers have become more skeptical and the industry has raised questions about the issue in parliament.
Griffith also used the following words on this subject: