UK Strengthens Fintech Strategy with Australia Pact, Crypto Taskforce

The UK's fintech industry receives a major boost as it forms alliance with Australia and launches a new crypto asset task force.

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Philip Hammond, the Chancellor of the Exchequer and Scott Morrison, the Australian Treasurer signed the UK-Australia Fintech Bridge agreement, which sets out to establish deeper collaboration between the two fintech hubs. The deal marks a joint effort to explore growth opportunities, enhance regulation, share industry knowledge and reinforce their position as two major global centers of fintech.

As part of this collective effort, the Financial Conduct Authority (FCA) and the Australian

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