The State of Crypto in the UK 🇬🇧 [ Future Crypto Hub or Failed Economy? ]

On today’s coinmarketcap video, we will discuss the current State of Crypto in the United Kingdom — and whether it is a Future Crypto Hub or Failed Economy.

The United Kingdom’s economy has not exactly been a shining example in the past year — high inflation rates and rising interest rates has resulted in a projected recession in 2023, with the economy expected to shrink 1.3%, according to KPMG. The back-to-back challenges placed the UK under great strain and forced the government to enact more than a few controversial policies to get it back on track.

1:14 - The Collapse of the Pound Sterling
2:34 - England Welcomes New Prime Minister
4:18 - Tax Changes and Turbulence
5:14 - The UK’s Crypto Future

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