Can Rishi Make the UK Dishy on Crypto?
A few weeks back, Chancellor of the Exchequer Rishi Sunak had set out it’s plans to make the UK a global cryptoasset technology hub. But with the current economic climate the country is facing, and with Rishi being involved in financial scandal himself, what is the governments true intention for wanting to head crypto innovation?
UK Stablecoin Regulations
On the 4th of April, the UK government announced plans to regulate stablecoins for use in the country as a recognised form of payment. The UK Treasury said “ The government intends to legislate to bring stablecoins – where used as a means of payment – within the payments regulatory perimeter, creating conditions for stablecoin issuers and service providers to operate and invest in the UK”.
London’s Growing Job Market
London has been confirmed as a world leader in cryptocurrency after a jobs platform revealed the number of global employers currently hunting for staff in the crypto sector. The US, as expected, takes top spot in the amount of crypto vacancies – currently standing at 3,893 – but the UK is catching up fast with the second-highest number of advertised roles.
Robinhoods purchase of Ziglu
Robinhood said Tuesday it has agreed to buy Ziglu, a London-based fintech app that allows users to trade bitcoin and several other cryptocurrencies. The acquisition will help in its expansion plans in the U.K. and Europe, the company said. The announcement comes nearly two years after Robinhood halted plans to launch in the U.K. At the time, the company said it was prioritizing its business at home over international expansion.
What we cover in this episode:
- Netflix stocks drop
- UK Government plans for Crypto-asset regulation
- London fast becoming a hotspot for crypto jobs
- Robinhood revives plans to launch in the UK with deal to buy crypto app Ziglu
- Final Thoughts
TODAYS SPONSOR: YIELD APP
Yield App is an innovative digital asset wealth platform that allows you to earn passive income on the world’s leading digital assets. What we really like about Yield App is that it’s a licensed fintech company built by a team with a strong background in traditional finance.
Yield App offers instant asset conversions, fiat on-ramp, auto compounding, and security features such as activity log, transaction history, and more. Simply deposit your digital assets and click earn to start receiving daily rewards!
And if you’re a corporate client Yield App offers a secure treasury for your digital assets. Its dedicated relationship management team is on hand 24/7 to facilitate a stress-free experience.
Ways to connect with Cryptopulse
Ways to connect with Kevin and Ben
Kevin Twitter: https://twitter.com/KevinBasham
Ben Twitter: https://twitter.com/bdrsquared
Thanks for listening and don’t forget to subscribe so you can be notified when we release a new episode.
Downloaded & listened to in over 100 countries. Cryptopulse is here to guide you through the crypto universe with thought-provoking topics, in-depth knowledge & information to help you make informed decisions.