Prime Minister of UK - A crypto believer
Stalker22
A politician's words or promises during a campaign are never to be trusted, because politicians are liars by profession, willing to say anything to help them win office or keep it. They will break promises and make new ones as if nothing has happened. We know that Bitcoin is a threat to the existence of the existing financial system, so they are doing everything they can to discredit it. This is not new, just simply follow the money. Governments and banks will never like it (except maybe when they control it), so they will do everything in their power to prevent it from becoming a mainstream currency. This means discrediting Bitcoin and spreading misinformation about it.The only way for Bitcoin to survive is for people like us to keep pushing for its adoption and use, so it becomes mainstream, accepted by everyone and used as a medium of exchange.
dkbit98
I don't trust any politicians, and I certainly don't trust this puppet Rishi who is just a part of global system that is totally against Bitcoin.Never believe what politicians say or promise, look at their actions and you will understand if they are supporting Bitcoin or just following instructions from their masters.I don't see any of his actions that the really supports Bitcoin, but maybe we will adopt some shitcoins like ethereum or make his own CBDC crap.
Gyfts
He might be a crypto believer but he's also a proponent of CBDC's. I don't think in a crypto economy there has to be the exclusion of CBDC's, my only concern is the government using them as a cudgel to force consumers to adopt the government backed "crypto" and eventually phase out traditional cryptocurrencies. UK economy facing turmoil and GBP is in disarray, seems like an awfully convenient time for government to introduce alternative forms of their currency.
coolcoinz
UK was not doing so well since the brexit and now that USD is pumping it looks even worse, so it's really important that young innovative people take over the reins.I hope that Sunak proves to be good for bitcoin because there's a very thin line between regulating something and regulating the shit out of it. On one hand we need some regulation, on the other we're giving people who come from traditional finances freedom to govern our decentralized money.
Falconer
However there is always the possibility of widespread adoption of crypto in any country regardless of whether their government is crypto adherents or not. Crypto is a great idea if the government wants to adopt it, but I wouldn't be surprised the journey of adoption of crypto especially bitcoin will be hindered by regulation. The UK is a great target for crypto adoption in the future, but we don't know when it will actually become a reality given that in the article they approve regulated financial instruments. That means it is not a fully decentralized bitcoin and according to the article stablecoin is one of the approved crypto.
GxSTxV
It's a good news for crypto and mining firms, United Kingdom has done another step for allowing crypto more, I'm sure that minister he will edit much laws and allow crypto everywhere. After all we can't even know the people who are using crypto and bitcoin. For example in another country maybe a president forbid using crypto and mining firms even though he is using crypto to buy or trade. We need more believeer as rishi sunak to extend and allow bitcoin everywhere. And one thing more is you can't even know maybe this president is one of bitcointalk members Xd
Comment (1)
CryptoHeadlineNews2022-10-27 18:35
Lol.. That's funny, but you never can tell..However, having a crypto-friendly Prime Minister of the United Kingdom was a great move and welcome development to the growth and adoption of Bitcoin, because to me there is nobody who coyld speak on behalf of Bitcoin or implement a policy favourable to Bitcoin users than a true believer, of which i'm happy the new young vibrant P.M @ Rishi Sunak is one of them. So let's just watch and see how his administration will be as it's still too early to judge a book by its cover
Hispo
I am not completely informed on how UK political positions work, I know that the prime Minister is an important charge, but in order for a wider Bitcoin adoption to happen in the United Kingdom would it not be necessary support of the chamber of commons and the chamber of lores?For example, there are countries which the power is very centralized in an individual but as far as I know the UK is not one of them.Regardless of these details, if this new Prime Minister is as crypto positive as implied then it could be a good chance for Bitcoin to get rid of the stigma in that country and find a welcoming place in such economy, it would be an excellent situation if more doors ended up being open to decentralized assets, there is a lot of money and liquidity in the UK.
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Comment (1)
AmoreJaz2022-10-27 20:48
well, it is too early to judge about his future actions. it is no surprise for me if the new UK PM will be pro-crypto as their family is already in the IT business. i am thinking that he will be more knowledgeable in technical terms dealing with blockchain technology and cryptocurrencies. so i am guessing, his decisions will be more logical. let us see in the coming months how this pans out.