Tech professionals pour cold water on UK crypto hub plans
UK IT professionals have rejected plans by former Chancellor of the Exchequer Rishi Sunak to make the island nation a"global crypo-asset hub."
Whether the blueprint survives this particularly turbulent period in British political history – which has seen Sunak resign to be replaced by Nadhim Zahawi, whose tenure may be short-lived given theNonetheless, 58 percent of IT specialists said they felt the profession should not support the Treasury's plan to make Britain a global center for crypto-asset technology and investment, including stablecoins and NFTs, according to a poll by the British Computer Society, the Chartered Institute...
Just 29 percent said working technologists should get behind the crypto project, while 13 per cent were neutral.ask the Royal Mint to launch an NFTThe large majority of IT pros in the UK – about 77 per cent – were not confident that the intent to recognize and regulate stablecoins would"ensure financial stability and provide wider consumer payment choice." Stablecoins are a form of cryptocurrency usually pegged to another asset or currency such as Sterling.
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