Following a wave of scandals, Boris Johnson stepped down from the British premiership today and figuratively handed the keys to number 10 Downing Street to his former Foreign Secretary Liz Truss.
Truss officially takes office tomorrow, having beaten former Chancellor of the Exchequer Rishi Sunak in the leadership race.
While she hasn’t said much about crypto, her general beliefs about private enterprise indicate that she may take a hands-off approach to regulation.
Back in 2018, when Truss was Chief Secretary to the Treasury, she tweeted: “We should welcome cryptocurrencies in a way that doesn’t constrain their potential. Liberate free enterprise areas by removing regulations that restrict prosperity.”
Shortly after the resignation of British PM Theresa May in 2019, Truss supported Johnson’s leadership campaign and he duly appointed her Secretary of State for International Trade and President of the Board of Trade.
While serving in these roles, Truss launched a digital trade network in 2020 and نے کہا at the time that she wanted to “create great opportunities in areas such as blockchain.”
She further elaborated: “We want to achieve a world-leading data and digital agreement, underwriting data flows but also dealing with issues like blockchain and artificial intelligence, thereby making sure that we and the US are leading the world and able to share these economic opportunities.”
Recently, Truss has been thinner on crypto promises than her fellow Conservative Party frontrunner Rishi Sunak. There are also several priorities that voters would rather see her tackle first, particularly rising energy prices and a cost of living crisis.
However, she has promoted herself as strongly pro-business and pro-privatization and has promised businesses tax cuts to help them weather the economic storm.
Crypto exchange Luno, which is headquartered in London, is one company that welcomes the changeover.
Thomas Tudehope, Luno’s Global Head of Public Policy, told خرابی that his firm “looks forward to working with Ms. Truss and her team to design a regulatory framework for crypto which will boost economic growth, create thousands of jobs and protect consumers.’
He added that “there is an urgent need to develop and implement” such a framework to enable “British firms to plan with the certainty that is required if we are to position the country as a world-leader in the digital asset ecosystem.”
Britain prepares for crypto
When Sunak was in office as Britain’s Finance Minister, the government seemed especially keen to embrace cryptocurrencies, so much so that back in April, it announced plans to become a “عالمی کرپٹو اثاثہ ٹیکنالوجی کا مرکز".
At the time, Sunak said in a prepared statement: “It’s my ambition to make the U.K. a global hub for crypto asset technology, and the measures we’ve outlined today will help to ensure firms can invest, innovate, and scale up in this country.”
Sunak’s primary proposal toward crypto regulation involved regulating stablecoins “as a recognized form of payment.”
برطانوی حکومت نے یہ بھی اعلان کیا کہ وہ رائل منٹ کے ساتھ کام کر رہی ہے جو کہ برطانیہ کے سکے بنانے والی سرکاری کمپنی ہے۔ ایک این ایف ٹی جو کہ ابتدائی طور پر موسم گرما تک جاری ہونے والا تھا، حالانکہ موسم خزاں تقریباً یہاں ہے، اور اس میں کوئی تازہ کاری نہیں ہوئی ہے۔
Consumer protections take center stage
واپس جنوری میں، برطانیہ نے شائع کیا کی منصوبہ بندی صارفین کو گمراہ کن کرپٹو اشتہارات سے بچانے کے لیے۔
حکومت نے کہا کہ وہ تمام کرپٹو اشتہارات کو موجودہ مالیاتی پروموشن قانون سازی کے مطابق لا رہی ہے۔صارفین کے تحفظ میں اضافہ جدت طرازی کی حوصلہ افزائی کرتے ہوئے"
اس کا مطلب ہے کہ کرپٹو اشتہارات کو فنانشل کنڈکٹ اتھارٹی (FCA) یا پروڈنشل ریگولیشن اتھارٹی (PRA)، یا ان میں سے کسی ایک کی طرف سے لائسنس یافتہ فرم کی منظوری کی ضرورت ہے۔
مارچ میں، ایڈورٹائزنگ اسٹینڈرڈز اتھارٹی (ASA) نے "ریڈ الرٹ" جاری کیا تھا۔ نفاذ کا نوٹس کرنے کے لئے 50 سے زیادہ کرپٹو کمپنیاں، انہیں متنبہ کرتے ہوئے کہ وہ اپنے اشتہارات کو رہنما خطوط کے نئے سیٹ کے مطابق لائیں ASA نے نوٹس کی تقسیم کے لیے FCA کے ساتھ قریبی رابطہ قائم کیا۔
کرپٹو خبروں سے باخبر رہیں، اپنے ان باکس میں روزانہ کی تازہ ترین معلومات حاصل کریں۔
