Matt Hancock, a Conservative Party MP in the UK parliament, said Britain could create a “dynamic” regulatory environment for cryptocurrencies rather than follow the EU’s restrictive policies.
He noted that this is possible because of Brexit, which offers the country an opportunity to benefit from crypto innovations.
“We now don’t have to just take the EU’s restrictive regulatory regime and instead can design our own that is more dynamic,” Hancock told Express.co.uk in a recent interview.
To a question, if he had invested in bitcoin, the British MP said he hasn’t so far but would consider it now. He noted that blockchain and other technologies have “lots of potential” in areas like making payments and smart contracts. Transparency is in-built in these innovations, he stressed.
Hancock suggested that digital assets have the same potential to disrupt the financial sector as social media has done to communication.
Britain Has a Legacy of a Liberal Regulatory System
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