The UK is apporating Emma Reynolds as an economic minister to oversee encryption

The UK government has appointed Emma Reynolds as a new economic minister responsible for overseeing digital assets and digital currencies of the Central Bank – along with the wider financial sector.

The appointment was announced on Tuesday after the resignation of Tulip Siddiq, which put the government encryption Agenda weeks ago.

It is not yet clear what Reynolds, a former parliamentarian at the Treasury, will do for the country’s encryption plans. However, the Financial Conduct Authority has already set its agenda New encryption system.

Reynolds previously worked in Thecityuk, a commercial body, as administrative director and In discussion of an invoice in 2022 He said that there are positives for the United Kingdom as a second engine for the European Union.

“Cryptouk and its members have a long -term work relationship with the UK government, and in this way, we welcome Emma Reynolds as a new minister of the city,” said a lobby spokesman.

My friend, the former secretary, resigned on Tuesday because of the escalating pressure on Anti -corruption investigation In Bangladesh. My friend, whose aunt was the Prime Minister of Bangladesh, Sheikh Hasina, was named in an investigation into allegations that her family had had money.

in messageMy friend said that she referred herself to the independent adviser to ministerial standards, Sir Lori Magnus, as she managed to share the full details of her money and living arrangements. Her message said that Magnus had found that my friend “did not violate the ministerial law.”

However, continuing her work will be a distraction for the government.

SEDIQ has just announced that the new government in the United Kingdom, headed by the Labor Party, will continue to follow the regulatory plans set by its conservative predecessor. The encryption legislation and stablecoin are expected to come out Early this year.

Many view the United Kingdom to take steps forward to organize the encryption sector, as other major countries such as the European Union install their encryption systems and the United States is waiting for the friend of the encryption to start its presidency next week.