crypto uk – pressnews

[ad_1] As Chancellor of the Exchequer, Rishi Sunak outlined a plan to turn the UK into a crypto hub. As PM he’ll be under pressure to deliver on that pledge. As Chancellor of the Exchequer, Rishi Sunak outlined an ambitious plan to turn the UK into a crypto hub. As prime minister, he'll be under pressure to deliver on that pledge while at the same time containing an economic crisis.Crypto executives and investors interviewed by Bloomberg News greeted Sunak's appointment with cautious optimism. Yet they also said the UK's political upheaval in recent months has increased the urgency of formulating a comprehensive regulatory regime for the sector. Sunak took a big step to alleviate the industry's concerns by appointing John Glen, who was previously de facto czar for digital assets, as c...

[ad_1] As a developed nation, you know your currency's in a spot of bother when investors start to hedge with bitcoin. As a developed nation, you know your currency's in a spot of bother when investors start to hedge with bitcoin.After Britain's brief Prime Minister Liz Truss unleashed her mini-budget on Sept. 23, filling financial markets with dread, a section of investors stampeded away from the pound and towards the cryptocurrency. Trading volumes between bitcoin and the pound jumped 233% in September overall from the month before, according to data from research firm CryptoCompare, while trading between the cryptocurrency and a similarly battered euro also jumped 68%. "It was the first time we've seen such a huge increase in (bitcoin) volumes for the currency of a developed countr...

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