UK’s Ex-Chancellor Philip Hammond to advise crypto firm Copper
Hammond was a UK Conservative MP for 22 years until a Brexit-fuelled uprising left him and others omitted from the party two years ago. Former Chancellor of the Exchequer in the United Kingdom, Lord Philip Hammond, has joined cryptocurrency custodial group Copper as a senior advisor with the ambition of “promoting the UK as a Global leader in digital asset technology.”The London start-up firm, which provides custodial and infrastructure services in the digital asset sector, reportedly facilitates over $50 billion in transaction value per month for in excess of 400 institutional clients.....
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Former U.K. chancellor of the exchequer Lord Hammond has reportedly warned about investing in cryptocurrencies. He said, “It’s gambling money,” noting that “people should be extremely cautious” and “Many regard them as closer to gaming than serious investing.” Nonetheless, he is currently serving as a senior advisor to a crypto firm.
Former British Chancellor of the Exchequer Warns About Investing in Cryptocurrency
Former British Chancellor Lord Philip Hammond has reportedly urged investors to be “extremely cautious”....
The former chancellor said there was a particular lack of regulatory structure in regards to digital asset trading. A former Chancellor of the United Kingdom has raised concerns the country is slipping behind its rivals in the European Union when it comes to the regulation of crypto.Philip Hammond, who served as the U.K’s Chancellor of the Exchequer from 2016 to 2019 told Bloomberg that there has been a distinct lack of direction and cohesion when it comes to crypto policy. “Particularly in the area of digital asset trading, I feel that the UK has missed a trick [...] We are getting very....
Source: ElsaHammond.com. Rower Elsa Hammond is planning to row her way through part of the Pacific Ocean from Monterey Bay, California to Hawaii. It's a a 2,800-mile journey, and it'll all be propelled with Hammond's own body strength. In preparation, Hammond needs to raise £100,000 (or just over $160,000 USD) to make the journey happen. As such, she's decided to accept bitcoin donations. As of this writing, Hammond has managed to raise 6.41174 BTC to her donation address, nearly $4,000 USD. Blockchain.info has even joined in on the fun, becoming one of Hammond's sponsors. Excess funds....
Barclays is investing in Copper, one of the most recognizable companies in the rapidly-shifting cryptocurrency market, even as the sector continues to be shaken by a number of defaults and insolvencies. Sky News reports that Barclays has joined the roster of notable financiers supporting Copper’s $2 billion investment round. Suggested Reading | Elon Musk On […]
A UK envoy that includes politicians, central bank officials, and prominent FinTech executives are in India to discuss trade relations that will deepen industry ties between the two nations as the UK prepares for the separation from the European Union. A UK-delegation led Chancellor Philip Hammond that includes Her Majesty’s Treasury FinTech envoy Eileen Burbidge and Bank of England governor Mark Carney along with a number of leaders from banking and financial technology firms are currently in India as a part of a two-day visit as a part of the 9th UK-India Economic and Financial Dialogue....