Lisa Cameron, the UK Member of Parliament, said that there is a “vision” that the UK will become an international hub of crypto and digital assets.
“I have spoken to companies who are involved in CBDCs and stablecoins. We’ve looked at crypto tokens, and Bitcoin is obviously part of the sector.”
It has been reported that as the Scottish National Party Member of Parliament for East Kilbride, Strathaven, and Lesmahagow (areas of Scotland), Cameron works in Westminster–a metonym for the Parliament of the United Kingdom. She rubs shoulders with the new crypto-curious Prime Minister, Rishi Sunak.
However, Cameron is also the chairperson of The Crypto and Digital Assets All-Party Parliamentary Group (APPG).
The forum discussed:
“The challenges and opportunities relating to the crypto sector and explores the need for future regulation of the sector.”
While the creation of the APPG would suggest that Bitcoin and crypto might be making it mainstream, the future of money remains a fringe discussion topic in the United Kingdom. Interest in “digital assets” waxes and wanes with the crypto bear and bull runs.
The report said that a Royal Mint nonfungible token (NFT) was recently floated by the then Chancellor, now Prime Minister, Sunak, and the Bitcoin and crypto community are increasingly vocal in response to surging inflation rates. The UK regulators have also cracked the whip on crypto advertisements and queried the creation of digital asset laws.
“We are on a learning curve and it’s just very, very important because the U.K. government has a policy vision that the UK will become an international hub of cryptocurrency and digital assets.”
“In my understanding and from the session we’ve had at the Bitcoin conference, you know, some of that relates to Bitcoin, some perhaps not all so greatly because of the decentralized nature of it.”
Likewise, Cameron mentioned her participation at the UK Bitcoin Conference and the Digital Assets Summit as part of her request. She conceded that she does not hold any crypto personally–and joked that she wouldn’t become a Bitcoin maximalist any time soon: “It would skew the report. It could, you know, mean that I’m less objective.”
Thus, she concluded:
“I do have a bit of a leaning towards my home town. They complement each other.”