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John Glen: cryptocurrencies do not pose a threat to the UK economy


According to the statement of the British city minister (supervises the financial services sector), John Glen, cryptocurrencies do not pose a threat to the country's economy and any regulation will only contribute to the development of the Cryptocurrency. John Glen, responsible for the UK financial services sector, said, "the government is trying to find the right approach and a reasonable level of regulation." On Thursday, British Chancellor Philip Hammond announced the creation of a new cryptocurrency unit, which included representatives of the Treasury, the Bank of England and the FSA (Financial Regulator of the country). The created group will deal with "risk management of cryptocurrency assets and extraction of potential benefits".

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