Chancellor unveils UK FinTech Sector Strategy

Mar 22, 2018 ·

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The UK chancellor is expected to outline his FinTech Sector Strategy today, which will include a new cryptoassets task force, new steps in ‘robo-regulation’ and a new FinTech bridge with Australia.

Philip Hammond is expected to make the announcements at the HM Treasury’s International FinTech conference and will say: "From the square mile in London to Scotland’s Silicon Glen, the UK leads the world in harnessing the power of FinTech as we create an economy fit for the future.

"I am committed to helping the sector grow and flourish, and our ambitious Sector Strategy sets out how we will ensure the UK remains at the cutting edge of the digital revolution. As part of that, a new task force will help the UK to manage the risks around Cryptoassets, as well as harnessing the potential benefits of the underlying technology."

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