UK Is Happy Without Crypto, Takes a Watching Position

  • Yuri Molchan
    📰 News

    John Glen recently stated that the Central bank of the country (BOE) has no plans to issue a BOE-supported coin, although previously it had toyed with the idea

UK Is Happy Without Crypto, Takes a Watching Position

John Glen, the Treasury’s Secretary, recently stated that the Central bank of the country (BOE) has no plans to issue a BOE-supported coin, although previously it had toyed with the idea. Besides, no formal discussion regarding the status of digital assets in the UK has taken place, he added.

Contrary to the UK government’s earlier plans, now it seems that they do not intend to regulate or adopt virtual coins and assets in any way, nor do they plan to use them as legal tenders.

Cover image via u.today
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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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