U.K.'s financial services minister Andrew Griffith on Wednesday pledged a greater engagement with the crypto sector, as he plans new post-Brexit laws.
“We'll bring forward timely, sensible and balanced regulation in order to allow the safe use of this technology,” while ensuring regulatory clarity and facilitating financial-technology investment, Griffith added. The U.K. crypto industry, which has been waiting for regulatory clarity, is keen to know the rules under which it will operate under. Griffith acknowledged the importance of speed in a fast-moving sector, as he sought to address concerns about slow registration processes by officials at the Financial Conduct Authority.
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