The UK's newly appointed Prime Minister, Liz Truss, might welcome cryptocurrencies in the country. Truss is widely known for promoting friendly regulations for digital currency and blockchain.
After Boris Johnson stepped down from his PM position in July 2022, the UK crypto community sighed in relief that the two candidates for the next prime minister supported virtual assets.
Before the UK elections, there has been ongoing instability and continuous restrictions on crypto which prevented the country from developing in the blockchain industry for a long time.
Liz Truss and Rishi Sunak competed for the seat of UK’s Prime Minister, and Truss was victorious with 81,326 votes against 60,399.
PM Truss has been a long-term supporter of crypto. She also launched a digital trade network in 2020 to welcome blockchain. So, as soon as she took office, the UK community celebrated the news.
As of now, no details have been shared by the administration or authorities. She might add cryptocurrency as part of the agenda during her government.
Many people wonder whether the administration will work on regulating crypto and solve the issues of new digital technologies or not.
The UK-based crypto and blockchain firms are also looking forward to how Truss’ government will help digital technology thrive in the country.
The UK-based crypto and blockchain firms are also looking forward to how Truss’ government will help digital technology thrive in the country.