Britain’s new Prime Minister Liz Truss has appointed Kwasi Kwarteng, former head of the U.K.’s department for business, energy, and industrial strategy, as the new finance minister, charging him with decisions that will impact British and global crypto markets.
Fast facts
Former Finance Minister Rishi Sunak had been a proponent of crypto asset technologies and had stated plans to foster the country as a “global hub for crypto asset technology” before his resignation in July. It remains unclear to what extent Kwarteng shares Sunak’s sentiment on the digital assets.
The U.K.’s new prime minister hasn’t said much about crypto, but back in 2018 — when chief secretary to the Treasury — Truss tweeted: “We should welcome cryptocurrencies in a way that doesn’t constrain their potential.”
Kwarteng, the new Chancellor of the Exchequer and son of Ghanaian immigrants, will have his hands full with an economy hitting 40-year-high inflation and predicted to hit recession later this year by many...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...