UK election victory for Labour could see a focus on RWA tokenization and CBDC development, analyst says | Headlines | News | CoinMarketCap

07/04/2024 21:44
UK election victory for Labour could see a focus on RWA tokenization and CBDC development, analyst says | Headlines | News | CoinMarketCap

Opinion polls predict that the UK's Labour Party could secure victory in today’s General Election. According to one financial services executive, …

Opinion polls predict that the UK's Labour Party could secure victory in today’s General Election. According to one financial services executive, Labour leader Keir Starmer should pursue the current Conservative Prime Minister Rishi Sunak's ambition to make the country a "global crypto hub."

As the nation heads to the polls on Friday, deVere Group CEO Nigel Green said that although Starmer’s stance on crypto remains somewhat nebulous, the party's shadow finance minister Rachel Reeves "has shown openness to the tech sector," and shadow city minister, Tulip Siddiq, "has boldly stated that Labour would transform the UK into a global centre for tokenized assets if victorious."

​In an email sent to The Block, Green said that the Labour Party has highlighted in planning documents how it would …

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