Labour victory in UK elections renews crypto industry optimism

The Labour Party has promised to make the UK “a global leader in tokenization.”

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The United Kingdom’s general election has ended in a landslide victory for the Labour Party, ending 14 years of Conservative Party government.

With that comes renewed optimism for positive action and engagement with the cryptocurrency industry.

Outgoing Prime Minister Rishi Sunak made much of his “crypto asset hub” ambitions, but industry observers said action to back his promises was sorely lacking.

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