UK Government
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UK Minister of Finance and Economics Reconvenes Asset Management Working Group to Support Blockchain Industry
According to reports, Andrew Griffith, the UK Minister of Finance and Economics, is reconvening an asset management working group to support the blockchain industry. It will includ
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Combating Economic Crime: UK Government’s Three-Year Plan
According to reports, British Home Secretary Suella Braverman announced the second part of the British government\’s economic crime plan at the Economic Crime Conference this week.
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The UK Encryption Promotion Act is expected to be introduced by the end of 2023
According to reports, the UK Treasury said in a tweet on Tuesday that cryptocurrency promotion legislation is expected to take effect later this year. The draft Financial Services
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HSBC Holdings may be interested in bidding for Silicon Valley Bank UK Branch
It is reported that HSBC Holdings has become a potential bidder for the British branch of Silicon Valley Bank. At present, the British government is trying to extricate the bank at the last moment. Interpretation of this information: HSBC Holdings, the multinational investment bank, is reportedly eyeing to secure the British branch of Silicon Valley Bank. The latter is known for providing specialized financial services to technology firms and startups. While the reason behind HSBC’s sudden interest is unclear, speculations revolve around the potential benefits it could bring to the…
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The British Chancellor of the Exchequer: The British government regards the banking issue in Silicon Valley as a “high priority”
It is reported that the British Chancellor of the Exchequer said that the British government regarded the issue of Silicon Valley banks as a “high priority”. In addition, the UK Ministry of Finance said, “We are stepping up the development of solutions to avoid or minimize the losses caused by the failure of Silicon Valley Bank. We will immediately put forward plans to ensure that the short-term operation and cash flow needs of customers of Silicon Valley Bank’s UK subsidiaries can be met.” Interpretation of this information: The message reports…