“This is a key moment for the open banking regulatory regime,” says Tory MP at IFGS

Andrew Griffiths MP’s speech at Innovate Finance Global Summit 2023 reiterated the UK government’s commitment to evolving a framework for digital currencies.

Innovate Finance CEO Janine Hirt said Griffith, who is Economic Secretary to the UK Treasury, was responsible for “leading the modernization of the UK’s regulatory system, including a framework for cryptoassets and a proportionate pro-innovation approach to regulation”.

Citing the government and Bank of England-facilitated sale of Silicon Valley Bank

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