Rishi Sunak, Chancellor of the Exchequer of the United Kingdom, stated that the government will analyze some recommendations for the country to become a center of innovation and business of fintech. “While I believe in the power of new technologies, we must also manage their impact on our economy and society”.

Sunak stressed that officials “would monitor updates in finance and technology, in addition to working on their own reforms regarding digital assets” that allow safeguarding the admission of “crypto assets and stablecoins.”

The statements were issued by the UK official to lawmakers on July 1st, at the residence of the Lord Mayor of London, further stating that the country would safeguard the use and access of cash to all its inhabitants.

The chancellor had stated at the end of last year that Brexit provided opportunities for the nation to promote and renew the financial services sector. However, there is concern about the consequences of an implementation, by England, of an official digital currency or CBDC.

In the process of transition to a digital currency, the United Kingdom is analyzing and reviewing various legal aspects, such as the implications of regulatory measures for classical or stable currencies, financial sovereignty, protection for users and people access to cash.

M Rodríguez

Source: News agencies

La entrada Chancellor of the United Kingdom includes cryptocurrencies in financial reforms apareció primero en Bitfinance.

The cabinet of German Chancellor Angela Merkel approved a code of ethical standards for lobbyists. It obliges professional lobbyists, among other things, to disclose their interests and clients. The regulation has yet to be approved by Parliament.

The code of conduct is provided for in the Law on the Registration of Pressure Groups, which the German Legislature approved in March, and will enter into force together with it on January 1st, 2022. The objective is to make it clearer who has had influence on the political decisions and legislation.

The law requires lobbyists seeking to advance the interests of specific groups in Parliament or before the federal government to provide details of their employers or clients in a new register, as well as the number of employees and financial outlays for the lobbying.

Meetings in ministries should be recorded down to the level of heads of sub-departments. The register will be kept digitally in Parliament. Those who do not comply with the rules will face a fine of up to 50,000 euros ($ 60,000).

The code spells out the rules of conduct for lobbyists. For example, they are not allowed to agree to contingency fees, in which the amount of remuneration depends on the success of their work. They are also prohibited from influencing their interlocutors through financial or other advantages.

Fuente: dpa

La entrada Germany imposes code of conduct on lobbyists apareció primero en Bitfinance.