The U.K. government has unveiled a detailed plan to make the country a global crypto hub and “a hospitable place for crypto.” The plan includes establishing a dynamic regulatory framework for crypto, regulating stablecoins, and working with the Royal Mint to create a non-fungible token (NFT) to be issued by the Summer. U.K. Wants to Be ‘the Very Best Place’ to Start and Scale Crypto Companies The British government unveiled several initiatives Monday as part of its plan to make the U.K. “a global cryptoasset technology hub.” They include regulating stablecoins, legislating for a “financial market infrastructure sandbox” to help firms innovate, holding a Financial Conduct Authority (FCA)-led Cryptosprint, working with the Royal Mint on a non-fungible token (NFT), and establishing an engagement group to work more closely with the crypto industry. The British chancellor of the exchequer, Rishi Sunak, commented: It’s my ambition to make the U.K. a global hub for cryptoasset technol
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