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UK Government a “Passive Observer” of the Crypto Market

The British government has adopted a laissez-faire attitude towards the risks and threat to the domestic blockchain industry coming from the recent slump on the global cryptocurrency markets, Finance Feeds reports, citing Lord Bates, Minister of State at the Department for International Development.

Answering the questions posed by Lord Taylor of Warwick about the governmental assessment of the potential effects the cryptocurrency market decline might have on the blockchain industry in the UK, the minister confessed that the government has done little in that respect, though it monitors developments in the digital assets market and limits itsel…

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