UK, The New Leader Of Blockchain Technology And Crypto Economy?

The United Kingdom is continuously ruling and taking over the domain of blockchain technology and crypto economy, report says.

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A report claiming that the United Kingdom is well-positioned to become a leader in the blockchain technology and cryptocurrency economies have been recently released in the form of an analysis by DAG Global, Big Innovation Centre, and Deep Knowledge Analytics.

Requirements to appear as a leader in crypto economy and evolve as a global hub in blockchain are seen in the UK. By 2022, due to governmental and industrial encouragement, Britain would convert into a global hub based on blockchain technology.

The Bridge Between

Sean Kiernan, the chief executive of DAG Global, stated that the gap would be bridged between UK’s crypto economy and traditional system of finance.

He said:

“The gap between the two worlds of traditional finance and crypto economy remains, but in the coming years we can expect this to lessen and eventually disappear.”

In conclusion, the reporters expressed their confidence in the UK’s potential to soon lead the cryptocurrency domain.

Meanwhile, latest on the crypto news, Financial Stability Board (FSB) proposed a framework to G20 nations’ financial ministers and central bank governors to monitor cryptocurrency assets.

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