Tulip Siddiq Appointed as UK City Minister With Responsibity for Financial Services, Crypto

Tulip Siddiq Appointed as UK City Minister With Responsibity for Financial Services, Crypto


U.K. Prime Minister Keir Starmer named Tulip Siddiq as City Minister on Tuesday. Siddiq has previously called for mitigating the risks that crypto poses as well as harnessing the sector’s potential.

U.K. Prime Minister Keir Starmer named Tulip Siddiq as Economic Secretary to the Treasury and City Minister, a position that involves overseeing financial services including crypto.

Siddiq, who held the Shadow City Minister post while in opposition, was appointed after the Labour party’s landslide election victory last week. The party said recently it will support the Bank of England’s digital-pound plans and wants to make the country a tokenization hub.

Continue reading


 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!