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UK Political Parties Miss Opportunity to Address Crypto in Manifestos for General Election

UK Political Parties Miss Opportunity to Address Crypto in Manifestos for General Election

CointimeCointime2024/06/18 11:58
By:Cointime

While crypto has been a major issue in the US presidential election, UK political parties have not taken a stance on the industry in their manifestos for the upcoming general election. This has been criticized by lobbying firm Athena Technologies, who argue that a positive stance on crypto could sway around 10% of UK adults who own cryptocurrencies. The absence of clear crypto guidelines in the manifestos is seen as a missed opportunity, especially as the crypto sector powers many businesses and jobs in the UK. The Bank of England's technocratic approach to driving the conversation on cryptocurrencies and CBDCs may be why they are absent from UK political party manifestos.

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