- A British Parliament member has recently signified his thoughts on crypto and calls for liberal cryptocurrency regulations.
- The job of the regulators is to ensure that there is high-quality information and that the market operates effectively.
- The MP seems to be not really affected by the recent downtrends of the crypto market and continues to support it.
Matt Hancock, a British Parliament member has recently called for liberal cryptocurrency regulations and has highlighted that no country can stop the crypto revolution.
Hancock who also happens to be the former British health secretary emphasized on the fact that it’s important to have a liberal regulatory framework for cryptocurrency.
He highlighted this while giving an interview to UKTN, that the current digital asset market situation has not really altered his confidence in the industry. He signified that no country can stop this revolution. They can only choose whether it happens on their shores or happens to them from somewhere else.
Furthermore, at the Crypto A.M.’s fourth-anniversary conference, Hancock delivered a speech and called for an attractive tax system and liberal regulatory regime to facilitate the UK becoming the jurisdiction of choice for digital assets. He opined that Britain succeeds when it accepts new technology.
And that the regulatory frameworks for digital assets should be liberal to enable the nascent to thrive. He hates the patronizing idea of regulators telling people what they can and cannot do with their money.
He further signified that the job of the regulators is to ensure that there is high-quality information and that the market operates effectively.
The Parliament member has been a vehement crypto supporter and has often highlighted how the right crypto regulation will accelerate growth and make the finance world more transparent and reduce crimes.
He seems to be less affected by the recent TerraUSD (UST) and Luna crash, in fact, he says that the crash of Luna and the pressure on the stablecoins serves as a reminder that cryptocurrencies are still currencies and the age-old rules of finance prevalent.
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Source: https://www.thecoinrepublic.com/2022/06/26/british-mp-wants-liberal-crypto-regulation-quite-supportive-of-the-digital-assets/