Phillip Hammond Urges the UK to Focus on Crypto


"One of the small European countries making great strides in crypto adoption is Gibraltar. Gibraltar has a clear crypto regulatory framework that has attracted many players in the sector. Huobi, one of the leading exchange platforms, is shifting its spot trading business to Gibraltar."

Philip Hammond, a British politician and a former Chancellor of the Exchequer between 2016 and 2019, has announced that digital assets can be used to lessen the effects of post-Brexit.

The UK is currently passing through a tough post-Brexit period, and according to Hammond, the UK needs to adopt cryptocurrencies to ensure that it is not surpassed by its European rivals.

(Gibraltar is used as an example).

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