U.K. Chancellor of the Exchequer Philip Hammond is expected to announce a government "crypto assets task force" and a host of other fintech initiatives on Thursday.
According to a statement from the office of the Treasury, Hammond will reveal the task force, which will include the Bank of England and the Financial Conduct Authority in addition to the Treasury, at the government's second International Fintech Conference.
The initiative, part of the government's larger Fintech Sector Strategy, "will help the U.K. to manage the risks around Cryptoassets, as well as harnessing the potential benefits of the underlying technology," he said in the statement.
Hammond is also set to announce several other measures relating to the fintech sector more broadly, including "the next steps in 'robo-regulation.
For more: visit https://www.coindesk.com/the-uk-government-is-launching-a-cryptocurrency-task-force/