09 August 2024
Could the Labour government usher in a new era for digital assets, ask Keith Oliver, head of international, and Amalia Neenan FitzGerald, associate, Peters & Peters, in this week’s NLJ
They write: ‘Since its inception, crypto has often been perceived as the currency of the criminal.’ This has ‘overshadowed the asset’s use as a viable alternative fiscal product, daring to push the boundaries of traditional fiat finance’.
Greater regulation of crypto could bring about lucrative returns. The authors explain the size of the global market, strides taken to date on regulation in the UK, and the benefits thereof. Labour, pre-election, vowed to embrace ‘innovation and fintech’. Will they make good on their promise?
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