Interesting.
Could be very interesting for stable coins.
It looks like since banking doesn't make the profits London/ UK needs they need an alternative.
I have the feeling they don't understand how crypto works.
They don't understand its open source.
"businesses of tomorrow".
To be real.
Crypto has valuable Chains.
But the businesses that make real money are exchanges.
Not some dump as dapps.
Read the Royal Mint on a NFT?
...
Degens.
Really...
If UK wants to stay big in the game, they could offer a GBP-backed stable coin supported by gov or asset-pegged stable coins.
Like Gold, Companys (stocks) ETF´s, bonds and so on.
Make clear company-friendly rules for CEX. Invite companies like finance.
But hey we talk about governments.
The best they can do is nothing.
If they do something, it mostly causes more damage.
So is that bullish?
Maybe they decide to print money and buy bitcoin. That would be OFC bullish and cause the biggest bubble we see in history.
GOV FOMO into " we got hacked", haha :D