UK Treasury: Digital Assets Have Potential for 'Complete Transformation' of Markets

GateNews

According to Lucy Rigby, Economic Secretary to the Treasury, digital assets have the potential to effect a complete transformation of U.K. financial markets. Speaking at the Financial Times Digital Assets Summit, Rigby said that digital assets offer efficiencies and speed up capital flows. She emphasized the importance of working closely with industry and regulators to understand how digital assets will transform U.K. financial markets, adding that the Treasury aims to minimize frictions between U.K. and U.S. regulatory regimes for digital assets.

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