If you're a teacher or student, make sure to sign in with your school email address to access all the apps and tools included in your school's subscription. The EU, a leader in tech regulation, has also introduced a crypto framework, introducing a regulation on markets in crypto-assets, or MiCA.Not sure which account to use? See What account do I use with Office and why do I need one?Ĭan't remember your account information? See I forgot the username or password for the account I use with Office. The Treasury has published a consultation document on bringing crypto regulation in line with traditional assets such as stocks and bonds, in a process that refers to balancing “risk as well as opportunity” in the sector.Īndreessen Horowitz hopes that the Treasury’s approach to crypto regulation will set the pace globally. Last year, Dixon’s firm announced a $4.5bn (£3.57bn) fund to invest in crypto and blockchain companies.
Rishi Sunak said he was thrilled that the firm had chosen the UK, a move he said was “testament to our world-class universities and talent and our strong competitive business environment”.ĭixon said UK politicians and regulators were taking an approach “uniquely tailored” to regulating digital assets and blockchain, a decentralised form of record keeping that tracks the ownership of a cryptocurrency but has other uses such as underpinning contracts.
“The UK also has deep pools of talent, world-leading academic institutions, and a strong entrepreneurial culture.” The Securities and Exchange Commission also has a lawsuit against Coinbase, Binance’s closest rival, accusing it of operating an illegal exchange.Ĭhris Dixon, the head of crypto investing at Andreessen Horowitz, wrote in a blogpost: “While there is still work to be done, we believe that the UK is on the right path to becoming a leader in crypto regulation. The move comes amid a crackdown on the cryptocurrency industry in the US, where the financial watchdog is suing the world’s largest cryptocurrency exchange, Binance, in a legal complaint that accuses the company and its founder, Changpeng Zhao, of “placing investors’ assets at significant risk”.
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