British MP Lisa Cameron on Bitcoin and UK becoming international crypto hub
The United Kingdom could be warming to Bitcoin (BTC) and crypto. Taking a timeout from Scotland’s first major Bitcoin conference, Cointelegraph spoke to Lisa Cameron, a Member of Parliament who is spending more and more time working with digital assets. Cameron told Cointelegraph:
As the Scottish National Party Member of Parliament for East Kilbride, Strathaven and Lesmahagow (areas of Scotland), Cameron works in Westminster–a metonym for the Parliament of the United Kingdom. She rubs shoulders with the new crypto-curious Prime Minister, Rishi Sunak.
Cameron is also the chairperson of The Crypto and Digital Assets All-Party Parliamentary Group (APPG). The forum discusses, “The challenges and opportunities relating to the crypto sector and explores the need for future regulation of the sector.”
While the creation of the APPG would suggest that Bitcoin and crypto might be making it mainstream, the future of money remains a fringe discussion topic in the United Kingdom. Interest in “digital assets” waxes and wanes with the crypto bear and bull runs.
A Royal Mint nonfungible token (NFT) was recently floated by the then Chancellor, now Prime Minister, Sunak, and the Bitcoin and crypto community are increasingly vocal in response to surging inflation rates. However, U.K. regulators have also cracked the whip on crypto advertisements and queried the creation of digital asset laws.
For policymakers in such an environment, Cameron mentioned the importance of education in parliament. Cameron explained:
Speaking from her home country, the Scot told Cointelegraph that the key issue is consumer protection. It’s about looking at regulatory frameworks moving ahead in the United Kingdom. In a nod to treating Bitcoin differently from
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