U.K. Economic Secretary Andrew Griffith reiterated the country's commitment to becoming a key center for the crypto industry, saying the collapse of FTX isn't a reason to change course.

"We’re driving forward this agenda and I continue to chair the crypto-engagement group to hear from industry and share progress," Griffith said at TheCityUK’s National Conference in Edinburgh on Thursday. "Yes, there are questions about the future of crypto, but we’d be foolish to ignore the potential of the underlying technology."

(by Camomile Shumba)