Are UK Banks and Policy Makers Fighting Rishi Sunak’s Crypto Hub Dreams? By DailyCoin
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Are UK Banks and Policy Makers Fighting Rishi Sunak’s Crypto Hub Dreams?
- UK Prime Minister Rishi Sunak strongly advocates crypto and wants the UK to lead in fostering the emerging space.
- Banks are not as amenable to crypto, limiting client access to digital assets and choosing not to service crypto businesses.
- Banking execs also believe policymakers dragged their heels, waiting for crypto to âdie.â
Prime Minster for the UK Rishi Sunak, while still Chancellor of the Exchequer, positioned the UK government firmly behind cryptocurrencies. His positive approach to the financial technology has carried over into his premiership as he works to make the UK a crypto hub.
However, Sunakâs drive to create a crypto hub in the UK looks to be meeting hurdles from the banking sector and policymakers. There is a belief from top-level banking execs that UK policymakers purposefully…
Continue Reading on DailyCoin
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Are UK Banks and Policy Makers Fighting Rishi Sunak’s Crypto Hub Dreams?
- UK Prime Minister Rishi Sunak strongly advocates crypto and wants the UK to lead in fostering the emerging space.
- Banks are not as amenable to crypto, limiting client access to digital assets and choosing not to service crypto businesses.
- Banking execs also believe policymakers dragged their heels, waiting for crypto to âdie.â
Prime Minster for the UK Rishi Sunak, while still Chancellor of the Exchequer, positioned the UK government firmly behind cryptocurrencies. His positive approach to the financial technology has carried over into his premiership as he works to make the UK a crypto hub.
However, Sunakâs drive to create a crypto hub in the UK looks to be meeting hurdles from the banking sector and policymakers. There is a belief from top-level banking execs that UK policymakers purposefully…
Continue Reading on DailyCoin
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