U.K. Chooses Pro Crypto Liz Truss As PM, Is This Good For Bitcoin?
The United Kingdom has been hostile territory for crypto and digital assets, but its new head of government might lead the country in an opposite direction. Elizabeth “Liz” Truss, from the Conservative Party or “Tories”, has been chosen to replace the former Prime Minister Boris Johnson. Related Reading: Ethereum Founder Launches PoS Book Ahead Of […]
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Liz Truss, Britain’s new prime minister, previously said: “We should welcome cryptocurrencies in a way that doesn’t constrain their potential.” Truss beat former Chancellor of the Exchequer Rishi Sunak, who had a plan to make the U.K. a crypto-friendly nation.
Liz Truss Becomes Britain’s New Prime Minister
Liz Truss has won the race to become the new U.K. prime minister, beating former Chancellor of the Exchequer Rishi Sunak. The Foreign minister has won the Conservative Party leadership and will be taking over from Boris Johnson.
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Winning the election to be Conservative Party leader with 57.4% of the vote from members compared to Rishi Sunak’s 42.6%, Liz Truss will be the next U.K. prime minister. After a race to be the next leader of the Conservative Party, Secretary of State for foreign, commonwealth and development affairs Liz Truss has defeated former chancellor of the exchequer Rishi Sunak to become the next prime minister of the United Kingdom.Boris Johnson, who served as the U.K. prime minister since 2019, will be on his way out of office and leaving Truss as the party leader, after she won the election....
The Conservative Party is expected to decide between Rishi Sunak and LizaTruss as the next party leader by Sept. 5, at which point Johnson will officially step down Rishi Sunak, the former chancellor of the Exchequer, and Liz Truss, Secretary of State for Foreign, Commonwealth and Development Affairs, two of the final candidates to become the next prime minister for the United Kingdom, have both previously expressed pro-crypto views.With Prime Minister Boris Johnson soon to be out of office, Sunak and Truss are competing to be the next leader of the Conservative Party and the country, with....
While serving as the secretary of state for business, energy and industrial strategy, Nadhim Zahawi was part of a department suggesting support for blockchain technology in 2021. Recently elected Conservative Party leader and prime minister of the United Kingdom Liz Truss has appointed Kwasi Kwarteng as the country’s newest chancellor of the exchequer, or chief financial minister.In a Tuesday announcement, Truss’ office named Kwarteng as the next U.K. finance minister, replacing Nadhim Zahawi, who served as chancellor of the exchequer for three months following Rishi Sunak’s resignation in....
“We want to become the country of choice for those looking to create, innovate and build in the crypto space," said MP Richard Fuller. Richard Fuller, the Economic Secretary to the Treasury, said the government wants the United Kingdom to be the “dominant global hub for crypto technologies.”In a parliamentary debate on crypto asset regulation in the U.K. on Wednesday, Fuller spoke in favor of “powerful” use cases for cryptocurrency and blockchain technology, including using distributed ledger technology for customs and international trade and storing medical records on the blockchain.....