London, already a major foreign exchange market, wants to be the same for crypto.
The change will likely build momentum for the U.K. as it builds a post-Brexit strategy for strengthening its financial services.
After a wait-and-see period caused by Brexit, London is ready to forge a new global path in attracting business partners.
The stock exchange’s core infrastructure had to move from Britain to Italy as a result of Brexit.
That’s despite Brexit and a recent transition period that some expected would bring volatility to U.K. financial services.
It’s an industry that, in 2019, contributed nearly $200 billion to the U.K.’s economy, and supported nearly a million jobs.