Bitcovault’s CEO: Rishi Sunak can improve the situation with cryptocurrencies

The new UK Prime Minister-is this a new possibility for crypto in Britain?

Former Finance Minister Rishi Sunak is the new leader of the Conservative Party of Great Britain and the country’s prime minister, Tory steering committee chairman Graham Brady announced on October 24, 2022.

Sunak remained the only contender for the post after House of Commons Speaker Penny Mordaunt declined to fight further.

Rishi Sunak, now 42, became Britain’s youngest prime minister since 1812 and the first Indian-born politician to hold the post. It was Sunak who was one of the first ministers to be sidelined in Boris Johnson’s cabinet, leading to the departure of the prime minister himself.

Can Rishi Sunak deliver on his cryptocurrency promises?

Earlier in April, the U.K. government made a series of proposals on crypto, with Rishi Sunak leading the brigade as Chancellor of the Exchequer along with former Treasury Secretary for Economic Affairs (September 2021-July 2022) John Glenn.

Sunak noted his ambition to make the U.K. a global hub for crypto-asset technology, while ensuring that “firms can invest, innovate and expand in this country.” 

He added that Glen has confirmed that he will consult more comprehensively with the government on regulating the crypto sector by the end of 2022.

We asked various members of the cryptocurrency industry what this could mean for the UK? 

“Now, with the reappointment of John Glenn as chief secretary of the Treasury on Oct. 25, 2022, the crypto market has reason to rejoice,” says Bitcoin ATMs company’s CEO (Bitcovault), Oleg Zyryanov.

“This is definitely a positive sign for the entire crypto community. We plan to expand our product to users in the UK” – commented one of the top managers of cryptocurrency wallet Payperless.

Video: https://www.youtube.com/watch?v=P-Nm9U3ofM4

Media Contact

Organization: Bitcovault

Contact Person: Bitcovault

Email: [email protected]

Website: https://bitcovault.com/

Address 1: 240 Kent Ave, Brooklyn, NY 11249, United States

City: New-York

State: NY

Country: United States

The post Bitcovault’s CEO: Rishi Sunak can improve the situation with cryptocurrencies appeared first on King Newswire.

Information contained on this page is provided by an independent third-party content provider. Binary News Network and this site make no warranties or representations in connection therewith. If you are affiliated with this page and would like it removed please contact [email protected]

News

Unleash Your Child’s Potential with Toy Marche’s Impressive Collection of Toys!

Gurgaon, Haryana, 16th February 2023, ZEXPRWIRE, Toy Marche, India’s premier online toy shop, understands that choosing a suitable toy for one child can be...

Turkey Visa For Philippines Citizens

How to extend Turkey Visa By 2024, Turkey will be attracting visitors from all over the world. Citizens of more than 100 countries can apply...

Phlebotomy On Wheels Offers High-Quality Emergency Mobile Lab Services in Maryland

The Leading Mobile Laboratory Service Provides Affordable Mobile Lab Services To The Residents Of The US Perry Hall, MD, 16th August 2022, ZEXPRWIRE, Phlebotomists play a...

Welcome to Kinetex

Welcome to Kinetex! Dubai, UAE, 6th November 2023, Kinetex is more than a DeFi project; it is a community of like-minded individuals passionate about all things...

T.U.Savant Releases New Album “Special Needs”

https://open.spotify.com/album/0Muzf7DnDiS689H7zubAyw   T.U.Savant is a rising artist who just released a new album titled “Special Needs“. The album is packed with hit singles including “Not a...

Safi Chand Discusses the Pet Grooming and Boarding Services Offered at the New Market Animal Hospital

Safi Chand is a veterinarian who owns New Market Animal Hospital in New Market, Maryland. In order to make both dogs and cats feel...

NexGen Networks Unveils a Global Blockchain Interconnect Exchange Network

Revolutionizing Secure Blockchain Transactions NexGen Networks, a global digital infrastructure company and the premier provider of fiber optic-based network solutions to the world’s top financial...

Meet Michael Schoengruber, the founder of fintech 3Folio, who developed a tool that will make portfolio tracking and accounting an easy game for crypto...

Vienna, Austria, 3rd May 2023, ZEX PR WIRE, The crypto industry has become more than just a risky investment. It’s also about predicting market...