Cryptocurrency exchange Coinbase has set out a vision for the United Kingdom to become an innovation hub for the Web3 economy and to turbocharge its crypto sector. The company believes that the UK has the potential to be a leader in the digital asset space. As a result, the firm has laid out a series of recommendations for the government to help achieve this goal.
Based on reports, the timing of Coinbase’s vision for the UK to become a crypto innovation hub is significant, as it coincides with the Sky News report on April 17. According to the news, the UK Treasury is reportedly reviving the Asset Management Taskforce to develop crypto regulation in collaboration with the private sector.
Further, in its April 16 blog post, Coinbase highlighted its commitment to the UK and Europe, praising the progressive regulatory efforts in the region. The blog article also indicated that the company’s CEO, Brian Armstrong, is set to speak at a London FinTech conference today.
As per sources, Brian Armstrong is set to provide nine recommendations at the conference for the UK to solidify its place as a Web3 hub. These recommendations will likely cover regulation, innovation, and investment areas. Moreover, it will provide valuable insights for policymakers looking to support the crypto industry’s growth.
With the crypto industry continuing to grow at an unprecedented rate, Coinbase’s vision could significantly boost the UK’s economy and cement its position as a global player in the digital age.
