UK Appoints Treasury Minister for Virtual Asset Oversight

Source
JH Kim

Summary

  • The UK government announced the appointment of Emma Reynolds as the Treasury Minister to oversee Digital Assets and CBDC.
  • Emma Reynolds, a key figure in the UK financial sector, is reported to potentially influence the UK's virtual asset policy.
  • It was reported that the FCA has already announced a new virtual asset regulatory framework.

On the 15th (local time), according to the virtual asset (cryptocurrency) specialized media CoinDesk, the UK government announced the appointment of Emma Reynolds as the new Treasury Minister to oversee digital assets, including Central Bank Digital Currency (CBDC), and the broader financial sector.

The media stated, "Emma Reynolds has previously served as the Executive Director of the UK financial sector lobbying group, TheCityUK," and added, "It is still uncertain what impact she will have on the UK's virtual asset policy, but the Financial Conduct Authority (FCA) has already announced a new virtual asset regulatory framework."

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JH Kim

reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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