UK invites crypto giant Bybit to London to win over some of UAE’s innovation shine

Bybit CEO Ben Zhou was invited to meetings in the U.K. this week with government-linked bodies including the FCA and House of Lords. What to know : The government has noted the outflow of money and companies going to the UAE and thinks the time is right to try to win them back. The invitation coincides with UK Fintech Week and a Treasury plan to revamp payment systems with stablecoin and the spread of tokenization.