UK Government Positions Country as Global Crypto Hub

The United Kingdom’s government has announced plans to position the country as a global hub for cryptocurrency technology and investment, recognizing the potential impact of blockchain and distributed ledger technologies (DLT) on areas such as digital identities and decentralized voting systems.

Richard Ells Joins UK’s Blockchain Parliamentary Group

Richard Ells, the founder of Electroneum, has been invited to join the advisory board of the UK’s Blockchain APPG, a parliamentary group established in 2018 to facilitate understanding of these technologies among regulators. Ells was first involved with the APPG in June 2022, when he was invited to speak at the UK Parliament alongside four other industry experts to share their organization’s opinions on the importance of supportive digital asset regulations in the UK.

Ells has been a leading advocate for the adoption of blockchain and distributed ledger technologies in the UK for many years, as his company has been operating in this field since the mid-2010s.

“It is a tremendous pleasure to be working alongside some of the UK’s most forward-thinking members of parliament,” said Ells. “I’m confident that with the help of APPG Blockchain, the UK government can develop a strong foundation upon which blockchain and DLT innovation is supported and not hindered by long-established laws.”

Richard Ellis, Source

Electroneum and Offer Valuable Insights

Over the last five years, Ells and his team have helped to deliver solutions that simplify the use of cryptocurrency and enable people to embrace new ways to earn an income online without the need for a bank account.

The Electroneum ecosystem currently supports more than four million users worldwide. Meanwhile, allows freelancers to get paid in Electroneum’s native cryptocurrency (ETN) to alleviate the need for a bank account, while also helping to reduce seller fees to zero and facilitate cross-border transfers at a fraction of the cost.

This comprehensive approach to cryptocurrency will provide valuable insights for the UK’s APPG as they advise policymakers on the potential impact of blockchain and distributed ledger technologies in various sectors.