The UK has crypto in its sights. And, for a change, it’s in a very encouraging way. The British government has laid out a detailed plan to make the country “a hospitable place” for the digital-asset class.

Late on Monday, the UK government announced several new initiatives as part of its plan to make the UK “a global cryptoasset technology hub”.

These include creating a regulatory framework for stablecoins, legislating for a “financial market infrastructure sandbox” to help firms innovate, holding a Financial Conduct Authority (FCA)-led “Cryptosprint” and even working with the Royal Mint on a non-fungible token (NFT).