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The hotly anticipated consultation, to be published by His Majesty’s Treasury on Wednesday, asks for feedback from industry members and experts on rules that focus on protecting consumers that also align with the country’s ambition to become a hub for crypto.
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“We remain steadfast in our commitment to grow the economy and enable technological change and innovation – and this includes crypto asset technology,” Andrew Griffith, economic secretary to the Treasury, said in a press release. “But we must also protect consumers who are embracing this new technology - ensuring robust, transparent, and fair standards.”
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