The Fed - and not the new PM - is the biggest factor influencing crypto in the UK | kitconews cryptotrading invest finance bitcoin cryptocurrency markets economics |
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As to how the new Prime Minister could affect cryptocurrency adoption in the country, Jake Boyle, Chief Commercial Officer at cryptocurrency broker Caleb & Brown, noted that “out of all the recent PMs that we've had on this side of the world, he's the only one who has actively said things that would be interpreted as positive sentiment to cryptocurrency.”
On the bright side, the exploration of CBDCs show that the government is actively exploring the potential applications of blockchain technology in the financial system, which means that they see a future in the industry, he added. “At the end of the day, whilst it does look like the change in PM is a good thing for cryptocurrency, if I had to make a guess, I would say that cryptocurrency legislation is extremely far down the list of priorities, unfortunately,” Boyle added.
“Pretty much every metric that we use as a company to give an indication of whether the clients are active or not, be it from calls to emails, client engagements, coffee, catch-ups, no matter what measure it is, they've significantly increased since Bitcoin and Ether rallied more than 10% near the end of October,” Boyle said.
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