According to the UK Parliament, “MPs explore the Government’s plans to make the UK a global hub for crypto, while exploring the potential benefits and risks of crypto assets for businesses and consumers.”
Andrew Griffith, Member of Parliament and HM Treasury Economic Secretary, says stablecoin is a gateway to central bank digital currency (CBDC), only crypto can ‘disrupt’ settlements. Along with his colleague, he spoke before a hearing of the U.K. parliamentary Treasury Committee.
The recent negative events in the crypto industry did not affect the efforts of the United Kingdom as the country remains committed to becoming a world crypto industry hub. Griffith told a meeting of the UK Parliament Treasury Committee on January 10th, 2023, that it is “the sector I have dedicated the most time to”.
Source: https://www.thecoinrepublic.com/2023/01/11/read-here-the-saying-of-uk-mp-on-payments-technology-and-cbdc/