The UK Government Launches a Cryptocurrency Task Force to Harness Fintech Benefits

The British government has announced a plan to establish a cryptocurrency ‘task force’ that will include Her Majesty’s Treasury, The Bank of England and the Financial Conduct Authority.

As a part of the UK government’s broader Fintech Sector Strategy, UK Chancellor of the Exchequer Philip Hammond is expected to introduce a raft of FinTech initiatives including a new task force centered around studying the risks and benefits of cryptocurrencies, at the government’s second International FinTech Conference.

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