Bittrex Global CEO Supports UK Treasury’s Crypto Regulation Steps – Here’s the Latest
Bittrex Global CEO Oliver Linch has voiced support for the UK Treasury’s recent crypto asset regulation proposals, arguing that they could help the country achieve its goal of becoming a leading hub for digital assets.
In a recent interview, Linch, a former solicitor at Shearman & Sterling with extensive experience in regulatory policy, said he believes that the UK’s proposed approach is a practical and realistic one.
While some within the crypto community have expressed lukewarm responses to the proposals, he argued that the regulations offer much-needed guidance and clarity.
“It’s the UK’s first significant move towards treating crypto as a viable, grown-up asset class in serving the needs of both institutional and retail investors, albeit one that has garnered a somewhat lukewarm response thus far,” Linch said.
“While the reception from within the crypto community has been muted, I think that’s unfair.”
He said that the decision to include crypto within existing regulatory frameworks could inspire confidence among market participants, especially large financial institutions.
By leveraging familiar legislative frameworks, the risk of regulatory missteps may be reduced, thereby encouraging greater institutional investment in the crypto space, he noted.
Linch said that the UK government’s decision to incorporate crypto within its general financial services legislative framework signifies that it recognizes the significance of digital assets in the financial sector.
“The UK government is signaling that it agrees with Bittrex Global’s view that the future of crypto is simply as another (albeit hugely important) part of the financial sector; this is an important first step in crypto taking its rightful place at the adult’s
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