UK Finance Minister Jeremy Hunt shared the Edinburgh Reforms aimed at post-Brexit economic growth.
The bear market continues to dominate the crypto industry. However, on the other hand, initiatives and developments in the crypto field come to the fore. Many countries have started to work on the crypto industry. On the other hand, there is increasing adoption of blockchain. Central bank digital currency (CBDC) studies continue at full speed. In the midst of all these processes, the UK announced the Edinburgh Reforms.
Edinburgh Reforms Encourage Crypto Investments
The United Kingdom, which made a sensational exit from the European Union with Brexit, prepared the Edinburgh Reforms within the scope of economic moves.
These 30-point reforms seek to stimulate the UK’s financial sector. The UK’s economic executives have also opened the curtain to the crypto industry.
The UK plans to invest more in crypto businesses in the country. In addition, with these reforms, it was decided to work on the digital sterling.
The UK government is re-promoting the “Financial Markets Infrastructure Sandbox” where companies can test decentralized technologies in a regulated space.
The UK’s new move has focused on digital sterling, investments in crypto companies and blockchain development.
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