UK Is Happy Without Crypto, Takes a Watching Position

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Yuri Molchan
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
Cover image via U.Today

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.

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About the author

Yuri is a crypto 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 in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.