The shock resignation of Rishi Sunak on July 5 has solid uncertainty on the longer term path of crypto in the UK Within the months earlier than his resignation, the previous Chancellor spearheaded a number of insurance policies to show the nation into a world crypto hub.
This included fee regulation reform to acknowledge stablecoins as a sound fee, making a regulatory sandbox, growing a “Cryptoasset Engagement Group” to behave as an interface between authorities and the crypto trade, and re-evaluating taxation coverage in direction of digital belongings.
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