Crypto is a key battle ground in the U.S. presidential election. But as the UK general election heats up, no major political party has taken a stance on the industry.
Last week, the two major political parties in the UK published manifestos outlining their vision of the future. Across the combined 222 pages, there was not a single mention of crypto, blockchain, or CBDCs. In fact, broadening the search to include the three largest alternative UK political parties there is only one mention of these terms—Reform UK pledging to oppose the creation of CBDCs.
“The absence of clear [crypto] guidelines within their manifestos is a significant missed opportunity,” co-founder of UK lobbying firm of Athena Technologies, Conrad Young, told Decrypt. “Around 10% of UK adults own cryptocurrencies, there is a substantial demographic that is directly affected by crypto policies who could be swayed by a positive stance on the subject.”
To put this in perspective, Labour proposed a 20% VAT on private schools which will only affect 7% of British pupils, according to the UK government…
