Conservative leadership race has U.K global crypto hub ambitions in limbo

Share The Knowledge

The shock resignation of Rishi Sunak on July 5 has cast uncertainty on the future direction of crypto in the United Kingdom In the months before his resignation, the former Chancellor spearheaded several policies to turn the country into a global crypto hub.

This included payment regulation reform to recognize stablecoins as a valid payment, creating a regulatory sandbox, developing a “Cryptoasset Engagement Group” to act as an interface between government and the crypto industry, and re-evaluating taxation policy towards digital assets.

To read the rest of this article, sign in or join CryptoSlate Edge.

Get an Edge on the Crypto Asset Market

As the crypto market is constantly changing, CryptoSlate Edge is a yearly membership oriented to helping you become a more knowledgeable investor and better decision-maker.

Here’s what’s included in your membership:

Exclusive Articles

Get an analytical edge by accessing members-only articles with insights from our researchers.

Private Discord Community

See new articles first and be able to ask our journalists questions in our private Discord.

View All Projects and Sectors

Discover projects and crypto sectors with our curated data for over 50 verticals.

Improved Data & Analytics

See the real=time price charts, social sentiment and on-chain data in market analysis articles.

Exclusive Video Interviews

Get access to the exclusive recordings of our interviews with founders we use for our articles.

Ad-Free Experience

We hide all advertisements from Edge members for a clean experience.

Tagged with:

Similar Posts