• Foreign Affairs
  • Money Matters
  • Domestic Affairs
  • IT, Innovation and Startups
 

Talk Finance

£$$€№₮IAL €¢¤₦¤MI¢ №€₩$
  • Foreign Affairs
  • Money Matters
  • Domestic Affairs
  • IT, Innovation and Startups

Talk Finance

  • Foreign Affairs
  • Money Matters
  • Domestic Affairs
  • IT, Innovation and Startups

In IT, Innovation and Startups

Rishi Sunak wants to make the UK a world’s hub for crypto

20th July 2022 Matthew P. DMCA.com Protection Status

Rishi Sunak wants to make the UK a world’s hub for crypto Pin It
Btc crypto winter is averted

Many governments are not a big fan of cryptocurrencies, but they do see that some tokens are very useful. However, the major crash of recent months has also made it clear that clear rules are needed in this sector. Therefore, In the first quarter of 2022, the United Kingdom held a large number of talks with top people from the crypto industry, probably on regulation.

A log of meetings with British ministers, published on the UK government website, shows a huge list of conversations with the financial industry, including crypto. UK Secretary of State for Economic Affairs John Glen held several talks with major institutions, such as Blackrock, Fidelity and virtually every major investment bank. But also several crypto companies and their top people came to visit.

For example, Glen spoke with Circle, which, among other things, issues the popular USDC stablecoin. Major crypto companies such as Binance, Paxos and Coinbase also took their turn. The cloud service provider Epos Now was also about crypto, and the same applies to the venture capital funds Entrepreneur First, Andreessen Horowitz (a16z) and Kingsway Capital. Glen also spoke to Goldman Sachs, the major US investment bank taking crypto more and more seriously.

One could speculate that the crypto cloud is in a big bubble (soap bubble) and it won’t end until central banks like the Federal Reserve stop raising interest rates. They raise these interest rates to keep up with rising inflation. In this uncertain macroeconomic situation, crypto is often seen as risky.

The UK seems to be a bit of a fickle back on crypto. The Bank of England, the country’s central bank, has been pushing for crypto more often, but is also working on a so-called central bank digital currency (CBDC). In contrast, the UK’s finance minister, Rishi Sunak, recently stated that he wants to make the country a ” global crypto hub.” The country is also working on stablecoin regulation after the Terra (LUNA) crash.

Share

No Comments

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Previous Post

Authorities stop short to…

In IT, Innovation and Startups

Authorities stop short to label loot boxes as a form of gambling

View Post

Next Post

Total Brexit bill is estimated…

In Foreign Affairs

Total Brexit bill is estimated at £42.5B

View Post

In Money Matters

Major grocery chain supports a ban on plastic packaging of fruits and vegs

View Post

In Domestic Affairs

H1N2 swine flu identified in North Yorkshire, no reasons for quarantine measures yet in sight

View Post

In Money Matters

The global dairy market grows exponentially: the World Dairy Map

View Post

In Money Matters

MPs warn against swift adoption of digital pounds in retail

View Post

Newsletter

Latest News

View

James Cleverly will sign a new treaty in Rwanda today: its implementation is questionable

5th December 2023

View

Physical and ‘digital’ gold spiked on weaker dollar expectations

4th December 2023

View

Wording games at COP28: “scaling down” vs “phasing out”

4th December 2023

View

MPs warn against swift adoption of digital pounds in retail

3rd December 2023

Allow us to introduce ourselves

Talk-Finance.co.uk, the analytic media. We are focused on the fresh business, M&A and financial data. We pay attention to the interesting new projects and startups while not letting the whole picture to let unnoticed.

  • Investing.com

Sign Up for Our Newsletter

Our friendly crew

  • Chris Kimble, the managing Editor
  • Matthew Weller, webmaster&technical stuff
  • Charles Sizemore, author
  • David Stevenson, author
  • Helen Rush, author

Contact us by [email protected]

© 2019-2023 Talk Finance - All Rights Reserved. [email protected] DMCA.com Protection Status