Where to Great Britain's crypto master plan? | Finance times

The position of Great Britain at the head of the crypto world was this week after the shock resignation of Chancellor nft-enthusiast Rishi Sunak and City Minister fintech brother John Glen.

Only last week, Sunak praised the potential advantages of crypto at the annual conference of the British chambers of commerce, where, according to of the Telegraph

Mr. Sunak said that the underlying technology that supports crypto-assets could be "completely revolutionary", but admitted that "we do not know the potential uses exactly". . . .

"There are many options. We don't know exactly, just as we did not know exactly at the beginning of the Internet that we would use all Uber or whatever 10 years later.

"So I'm looking forward to it. I would like to make sure that this is a place that welcomes this innovation."

Five days (and further accusation for sexual misconduct) later, the conservative party's crypto dreams seem to be in ruins.

to Sunak and Sajid Javid came on Wednesday the city minister John Glen Wolle that Britain is "the very best place in the world to found and scale crypto companies". (The Tories had received a donation of $ 500,000 from crypto investor Christopher Harborne two months earlier.

Glen continued:

but what I mean is the extraordinary, sudden, underlying technology that makes "crypto" possible ... and of which we can be pretty sure that it will have profound effects on several areas. And that doesn't happen very often. It's a challenge ... and it's an opportunity ... and today I would like to tell you how we will react to it here in the United Kingdom. Because we want this country to be a global hub.

This message seemed to animate the British army, which apparently started a "Nofollow noopener" Target = "_ blank" this week. Data-trackable = "link"> daring but short-lived partnership with a group of NFT developers who are said to pretend to be another group of NFT developers who themselves " The obsessed ".

It is now unclear when exactly the Ministry of Finance will carry fruits into the NFT market. They may remember that during the same speech that Sunak had asked the Royal Mint to create their own token that is to be "output until summer":

Chancellor @Rishisunak @Royalmintde to create an NFT to be out to the summer.

This decision shows the future -oriented approach that we determine in relation to cryptoassets in Great Britain. pic.twitter.com/cd0tIAILBK

-hm treasury (@hmtreaeasury) 4. April 2022

When FTAV asked the Royal Mint for a progress update, her press office replied that it would be "further developed" and that "further details" would arrive in due course.

da Sunak and Glen both were gone and the Twitter account of the army Gloss It will probably be a different government crypto doys to continue the good fight-turtleneck and such.