Camomile Shumba is a CoinDesk regulatory reporter based in the UK. She previously worked as an intern for Business Insider and Bloomberg News. She does not currently hold value in any digital currencies or projects.
the polls, with 42% of voters expressing support, while the Conservatives have 19% according to a June Ipsos poll on voting intentions.The Labour Party, the favorite to win tomorrow's U.K. general election, has barely mentioned crypto during its campaign, leaving the future of the industry in the country up in the air.between Prime Minister Rishi Sunak and Labour's Keir Starmer, which was dominated by welfare, immigration and the relationship with the European Union.
Instead, the Labour manifesto focuses on economic growth, with plans to invest billions into building supply chains, adding more neighborhood police and cutting waiting times for the National Health Service.will vote in general elections this year. In most of the more than 60 nations going to the polls, including South Africa,"Looking at all of the manifestos in aggregate, no one mentioned crypto," said Jordan Wain, U.K. policy lead at Chainalysis, of the British parties' plans.
Eleanor Gaywood, head of strategy at Coincover, a protection firm, said it was"encouraging" that both Labour and Conservative supported innovation, but said concrete details are necessary."After the election, it will take time to gauge the next government's stance on crypto."Those rules are still needed, as are market abuse rules, Wain said. Guidance on the U.K. 's promotion rules is also needed,.
Chainalysis' Wain said he believes that a lot of the work that has been done by regulators won't just be swept under the rug.
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