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The City must not miss out on crypto


he sun may be shining in London but memories of the chilly “crypto winter” have not gone away.

The spectacular collapse of the FTX platform in November and the long wait for founder Sam Bankman-Fried’s trial continue to cast a shadow over digital financial assets that has scared off US lawmakers and regulators from creating long-term robust infrastructure for the industry.

That does not mean that innovation in the sector is not proceeding at pace. Former Chancellor Lord Hammond, who now chairs the London-based digital asset custody firm Copper, believes it is only a matter of time — probably next year — before digital trading in tokenised “real world” assets such as debt, equities and real estate begins on a small pilot scale.

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