The UK government is aiming to position itself as a global hub for crypto-assets, building on its legacy of traditional banking while addressing regulatory concerns.
While the UK has recognized the potential of blockchain and cryptocurrencies, experts argue that existing regulations are hindering the growth of this emerging sector.
Cryptocurrencies have been widely adopted in industries such as e-commerce and iGaming, particularly online gambling, where players enjoy benefits from blockchain technology.
The government's initiatives indicate a strong push towards integrating cryptocurrencies and related technologies into the UK's financial infrastructure, but challenges remain.
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