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Report States that Looming Crypto Regulation Could Crush UK’s Leading Fintech Hub Status

Report States that Looming Crypto Regulation Could Crush UK’s Leading Fintech Hub Status | Crowdfund Insider

According to the Telegraph today, a recent report on crypto-assets and the potential for added regulation from the UK Parliament, warns that regulatory over-reach may crush the UKs leading Fintech hub status. Patrick Curry, chief executive of the British Business Federation Authority, told the Telegraph, “inappropriate legislation” would compel crypto exchanges to exit the UK thus undermining Fintech innovation in the digital asset sector.