Britain’s prospects as a crypto hub remain uncertain after Liz Truss won the race to be its new prime minister, leaving entrepreneurs and investors wondering what policies -- if any -- await the digital asset industry under fresh leadership.
Truss, who on Monday beat former Chancellor of the Exchequer Rishi Sunak in the contest to be Conservative Party leader, has remained tight-lipped on her plans for virtual currencies to date. Her campaign has not responded to multiple requests for comment on her future policies for digital assets.
By contrast, Sunak had emerged as a champion for crypto while he was Chancellor, unveiling a plan aimed at reviving the UK’s reputation as a leader in financial technology in April. That included a call for stablecoins to be regulated like non-banks, crypto infrastructure to be embraced and a request that the UK’s Royal Mint create its own nonfungible token.
An eagerness in government to move some of those proposals into legislation faded after Sunak...
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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...