UK Elects Crypto-Friendly Prime Minister Who Said Country Should Embrace Blockchain and Digital Assets

The UK has elected a brand new prime minister whose previous feedback counsel that she is pro-crypto and blockchain know-how.

Liz Truss, representing the UK’s Conservative Celebration, is anticipated to take over following present PM Boris Johnson’s deliberate resignation on September sixth.

In 2018, Liz Truss told her Twitter followers that she was seeking to assist open up crypto know-how to innovation and free it from overly strict laws.

“We must always welcome cryptocurrencies in a method that doesn’t constrain their potential. Liberate free enterprise areas by eradicating laws that prohibit prosperity.”

In a 2020 debate, Truss additional touted her plans to foster blockchain growth inside the UK.

“We’re additionally seeking to rewrite the sport on digital commerce, to create a world-leading ecosystem that helps companies of all sizes throughout the UK. This might embody provisions that facilitate the free stream of information and forestall unjustified knowledge localization necessities whereas sustaining our potential to guard customers in opposition to on-line hurt. We will be certain that customs duties should not imposed on digital transmissions, and create nice alternatives in areas resembling blockchain, driverless vehicles and quantum know-how…

We need to obtain a world-leading knowledge and digital settlement, underwriting knowledge flows but additionally coping with points like blockchain and synthetic intelligence, thereby ensuring that we and the US are main the world and capable of share these financial alternatives.”

Truss beat out Rishi Sunak, one other crypto-friendly British politician, to obtain her new function.

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Featured Picture: Shutterstock/Yurchanka Siarhei

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