The current Member of Parliament claims UK can be the home of FinTech and crypto

With the fast expansion of cryptocurrencies worldwide, and as more governments ponder regulating them, the UK has entered the fray.

Speaking to MP’s in the House of Commons on January 26, the current Member of Parliament for West Suffolk Matt Hancock argued the case for the UK policies being made around new innovations such as FinTech and cryptocurrencies.

According to Hancock, these new technologies have the ability to disrupt the finance sector and can be an “economic driver” for the UK post-Brexit, stressing the importance of getting the new legislation right on them to avoid stifling innovation.

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