The UK may be in a bitcoin overheating state (
) and cryptocurrencies. Taking a break from the first major bitcoin conference in Scotland, Cointelegraph spoke to Lisa Cameron, an MP who has been spending more and more time working on digital assets. Cameron told Cointelegraph:
“I have spoken to companies that are linked to central bank currencies and stablecoins. We have looked at crypto tokens and bitcoin is clearly part of this sector.”
As the SNP MP for East Kilbride, Strathaven and Limahago (regions of Scotland), Cameron is based in Westminster, the pseudonym for the British Parliament. She chats with the curious new Prime Minister, Rishi Sunak.
Cameron is also Chair of the Parliamentary All-Party Cryptocurrency and Digital Assets Group (APPG). The forum discusses “challenges and opportunities related to the crypto sector and explores the need for future regulation of the sector.”
Although the creation of the APPG may indicate that Bitcoin and cryptocurrencies may make it mainstream, the future of money remains a topic of fringe discussion in the UK. Interest in “digital assets” wanes with bearish and bullish trading.
The Royal Non-Token Mint (NFT) was recently introduced by then-Chancellor and now Prime Minister Sunak, and the bitcoin and crypto community is becoming more active in response to rising inflation. However, UK regulators have also criticized cryptocurrency advertising and have taken an interest in creating digital asset laws.
UK MP Lisa Cameron speaks to Cointelegraph’s Joe Hall
For politicians in such an environment, Cameron mentioned the importance of education in Parliament. Cameron explained:
“We are in a learning phase, which is very, very important because the UK government has a political vision for the UK to become an international center for cryptocurrencies and digital assets.”
Speaking for her native Scots, she told Cointelegraph that the main concern is consumer protection. It is about reviewing the regulations in Great Britain. Referring to how bitcoin is treated differently than other cryptocurrencies, Cameron continued:
“From what I understand, and from the session we had at the Bitcoin conference, you know some of this is about Bitcoin, and some of it probably not so much because of its decentralized nature.”
Days after the conference, Cameron took to the podium in Parliament to urge Chancellor of the Exchequer Jeremy Hunt to discuss Britain’s vision of becoming a global cryptocurrency powerhouse.
Cameron mentioned her participation in the UK Bitcoin Conference and Digital Asset Summit as part of her application.
Related Topics: UK Inflation Hits 10.1%, British Bitcoin Community Reacts
Cameron has personally admitted not owning the cryptocurrency and joked that she would not radicalize Bitcoin anytime soon: “That would skew the report. It might mean, you know, that I’m less objective.
Asked if she would prefer to spend time at an NFT-enabled digital asset summit or a bitcoin conference back home in Edinburgh, she said: “I like my hometown a bit,” although I tend to host conferences. in London and a conference in the capital. Scotland is good: “They complement each other”.