In a briefing to the Treasury Committee on Jan. 10, Andrew Griffith, the Economic Secretary to the Treasury, maintained that the government still supports the underlying technology responsible for crypto tokens such as Bitcoin.

A UK minister moved to quell concerns that a digital pound issued by the Bank of England could be used to create a “surveillance state” where the government can track all citizens' spending. 

NCA’s cyber-focused command, the National Cyber Crime Unit (NCCU), is launching a dedicated cryptocurrency unit to investigate U.K. cyber incidents involving the use of cryptocurrencies like Bitcoin (BTC).

The UK’s National Crime Agency is recruiting a group of law enforcement officers to investigate crypto crimes, after a year where crypto hacks globally totalled $3 billion.

Ashley Alder, the UK’s next Financial Conduct Authority chair, had harsh words for crypto platforms as he addressed members of parliament, the <a href="https://www.ft.com/content/7bf0a760-5fb5-4146-b757-1acc5fc1dee5">Financial Times</a> first reported.

Stripe's presence in the UK is nearing a decade and Smith's appointment is well timed due, particularly because the company's customers now include some of the country’s largest organisations, such as Depop, Deliveroo, Hargreaves Lansdown, Frasers Group, the Natural History Museum and Church of England.

The government will also work to establish a safe regulatory environment for stablecoins.

U.K. Economic Secretary Andrew Griffith reiterated the country's commitment to becoming a key center for the crypto industry, saying the <a href="https://www.coindesk.com/layer2/2022/11/30/ftxs-collapse-was-a-crime-not-an-accident/" target="_blank">collapse of FTX </a>isn't a reason to change course.

Cryptocurrency fraud and scams in the United Kingdom grew by 32% in the past year, the Financial Times reported Monday, citing information obtained from police unit Action Fraud.

The United Kingdom (UK) and Singapore held the 7th UK-Singapore Financial Dialogue in Singapore today. Both countries renewed their commitment to deepening the UK-Singapore Financial Partnership that was agreed in 2021, discussed mutual priorities such as sustainable finance, FinTech and innovation, and agreed on further cooperation in these areas.