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Why do governments and regulators care about Blockchain and Digital Adoption. FCA regulator like most other globally have established to maintain confidence in the financial system and to protect the public. They also have a third one and that is to encourage digital innovation – https://www.fca.org.uk/news/speeches/meeting-pace-technological-change. Also the potential income tax is attractive as it is thought that there are 20,000 people in the digital assets sector on an average of $59k which assuming 25% income tax generates $290million p.a. This is leading to a battle between Swiss, Germans and UK to welcome companies in this sector.
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