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Coinbase to Help UK on Web3 Hub as Treasury Reportedly Revives Blockchain Taskforce

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Coinbase has recommended nine ways for the UK to become a hub for the Web3 economy. The cryptocurrency exchange praised the UK's progressive regulatory efforts and said CEO Brian Armstrong will speak at a London FinTech conference on the subject. Coinbase's recommendations include developing a regulatory framework for crypto, ensuring collaboration between banking and FinTech sectors and promoting stablecoins. Armstrong recently met with the UK's Economic Secretary and City Minister, Andrew Griffith, to raise concerns over the de-banking of some crypto firms and the negative implications of the 24-hour "cooling off" period for investments in financial product promotions. (Cointelegraph)

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