Great Britain will create the working group on development of the fintech and cryptoassets

Home » FINTECH » Great Britain will create the working group on development of the fintech and cryptoassets
Great Britain will create the working group on development of the fintech and cryptoassets

The chancellor of the Treasury of Great Britain Philip Hammond will shortly officially declare about the creation of the special working group on questions of cryptoassets and start of a number of the corresponding financial technical-initiatives.

It is noted that representatives of Treasury, Bank of England and Financial Services Authority would be a part of group. It is expected that the official announcement will take place during the International Fintech Conference.

The initiative will becomea part of the big government part of “The strategy of the financial technical-sector” which “will help Great Britain to operate the risks connected with cryptoassets and to use potential advantages of this technology”, it is said in the statement.

Besides, it is expected that Hammond will announce about other measures connected with the sector of financial technologies including “the following in steps in “robo-regulation” which will help new financial technical-firms and suppliers of financial services to respect laws and the rules by means of the special software which is also allowing to save time and money”.

It is also noted in the message that the government planed to create “financial technical-bridge” between Great Britain and Australia which had to connect the markets of two countries and “to help the British firms to extend at the international level”.

Another remarkable feature of the new financial technical-strategy — the creation of new standards to simplify the cooperation of separate firms and banks. The government also plans to cooperate with the financial technical-companies for “creation “of the general platforms” which will help to get rid of the barriers facing these firms”.

  • bitcoinBitcoin$5,200.55
  • ethereumEthereum$171.36
  • rippleXRP$0.337362
  • tetherTether$1.00
  • eosEOS$5.61
  • stellarStellar$0.120167
  • litecoinLitecoin$85.62
  • cardanoCardano$0.084551
  • tronTRON$0.027589
  • moneroMonero$68.88
  • iotaIOTA$0.326401
  • nemNEM$0.069133
  • dashDash$128.56
  • neoNEO$11.57
What is Cryptocurrency? How to Use, the Future of Crypto, the History of Bitcoin
Cryptocurrency market is actively developing and expanding. This relatively new industry is causing a lot of questions and attracting a huge number of investors, businessmen and ordinary people. “What is the future of cryptocurrency?”, “How to choose cryptocurrency exchange?”, “How to sell Bitcoins?” “What about cryptocurrency mining”? Millions of people read cryptocurrency news everyday and […]
2019-04-08 0 47
What is Bitcoin?
The cryptocurrency industry is becoming more and more popular all around the world. Despite the fact that there are more than 1000 different cryptocurrencies and the number keeps growing, cryptocurrency is often associated with Bitcoin. Bitcoin is the first modern cryptocurrency in the world; it attracts thousands of users and investors from different countries. Millions […]
2019-03-20 0 46
Bitcoin, Ethereum, Ripple, Monero, Dash, Tron: major differences and features
Investors see different names of cryptocurrencies and the movement of their courses, but typically don’t even know why the digital coins are so popular. Most of us have already Googled “How to buy Bitcoin” or “How to sell Ethereum”. Cryptocurencies are becoming more and more popular: Bitcoin price is fluctuating and its value is not […]
2019-03-19 0 44
What is Blockchain?
“Giving users easy access to many different kinds of digital assets on the blockchain and, particularly, tokens that are linked to assets in the real world, is crucial to seeing blockchain adoption reach the next level, and I applaud Digix Global’s initiative in being the first of many such projects to successfully launch” – Vitalik […]
2019-03-06 0 42
© 2017–2018