The UK government has reiterated its commitment to the country becoming a global crypto hub and is considering introducing a “digital pound”. That reports the BBC (opens in new tab) that Andrew Griffith, the Treasury’s economic secretary, told MPs that a public consultation on the proposed national currency will start within weeks.

The current government is conservative, but doesn’t seem very conservative on this, with Griffith telling the Treasury Select Committee: “I want us to set up a regime, and this is within the [Financial Services and Markets Bill]for the wholesale payment use of stablecoins”.

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