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<h2 id="header-0">In a move that has shocked exactly zero people, the United Kingdom has announced plans to regulate digital assets within the next 12 months.</h2>The government hopes to capitalize on the benefits that blockchain technology can bring to the private sector and the economy, and they&#39;re not going to let the fact that they&#39;re late to the party stop them!According to Andrew Griffith, the economic secretary to the U.K. Treasury, the government is now well-positioned to regulate crypto in a &#34;pragmatic&#34; and &#34;proportionate&#34; manner. In other words, they&#39;re not going to let things get too wild and crazy (unless they&#39;re talking about the royal family, of course).#Griffith also made reference to the U.K.&#39;s exit from the #European Union, saying, &#34;We&#39;ve got control back of a rule book - not something the U.K. has had for decades.&#34; It seems like they finally upgraded from flip phones to smartphones and now they want to beat Donald #Trump in Candy Crush.The <a href="https://www.coingabbar.com/en/crypto-currency-news/uk-government-plans-to-regulate-crypto-assets-to-combat-economic-crime" rel="noopener noreferrer nofollow">regulatory framework for crypto </a>will combine existing financial asset laws with new crypto-specific rules. The combination looks like a mix of a classic cup of English Breakfast tea with a newfangled matcha latte - it might seem strange at first, but it could turn out to be the perfect blend!Griffith also mentioned the possibility of a central bank digital currency, or &#34;<a href="https://www.coingabbar.com/en/crypto-currency-news/bank-of-england-is-fine-with-co-existence-of-private-stablecoins-with-britcoin" rel="noopener noreferrer nofollow">Britcoin</a>,&#34; but warned that it has a longer &#34;lead time&#34; and won&#39;t be seen within the next year. It&#39;s like waiting for the Queen&#39;s corgis to learn new tricks - it might take a while, but it&#39;ll be worth it in the end.Of course, there are still some concerns to be addressed, such as privacy and the technology of the digital pound. Griffith wants to see a policy debate &#34;thrashed out&#34; to ensure that all concerns are addressed. It&#39;s nothing different from the point when you and your mates argue about what&#39;s the best kind of tea - some like it strong, some like it weak, and some just want to add milk and sugar to everything.Overall, the U.K. is finally embracing the crypto world, and they&#39;re ready to join the party with their own unique flair. They might be fashionably late, but at least they&#39;re bringing tea and crumpets! Now if only they can do something about their weather, we&#39;ll all be set.

The Great British Crypto Adventure: U.K. Government to Regulate Crypto with British Politeness

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