This week, former foreign secretary Liz Truss took over the baton from Boris Johnson to lead Britain as the country’s new prime minister. But what does she really think about bitcoin and cryptocurrencies?
After a series of scandals, the British Prime Minister Boris Johnson resigned from his office earlier this week.
Taking over the baton to lead the country is his former foreign secretary Liz Truss, who in a vote defeated former finance minister Rishi Sunak in the race to take over as leader of the Conservative Party.
But what does Britain’s new prime minister really think about bitcoin and cryptocurrencies?
“We should welcome cryptocurrencies”
When Liz Truss was Chancellor of the Exchequer in 2018, she advocated, among other things, caution regarding the regulation of digital assets.
“We should welcome cryptocurrencies in a way that does not limit their potential. Unleash free enterprise zones by removing regulations that limit prosperity,” she wrote on Twitter at the time.
We should welcome #cryptocurrencies in a way that doesn’t constrain their potential. Liberate free enterprise areas by removing regulations that restrict prosperity. #PolicyExchange #futureoffreedom #shakeup
— Liz Truss (@trussliz) January 30, 2018
As foreign minister, she also launched a digital trade network in 2020, which, among other things, was intended to promote fintech companies.
Want to lower taxes
So while she may have more pressing issues to deal with at the moment, such as inflation and rising electricity prices, she has nonetheless profiled herself as strongly pro-business and privatisation.
In addition, she has promised tax cuts for companies to cope with the economic situation. For example, she has said that she has “a bold plan” to lower taxes and promote the country’s economy.
The UK is also looking at new laws that will regulate stablecoins and the crypto market in the country at large, writes Cointelegraph.