The UK government has announced plans to position the country as a global hub for cryptoasset technology and investment, recognizing the potential impact of blockchain and distributed ledger technologies (DLT) on areas such as digital identities and decentralized voting systems. The UK’s Blockchain APPG, led by Martin Docherty-Hughes MP and established in 2018 to facilitate understanding of these technologies among regulators, has invited the founder of Electroneum, Richard Ells, to join its Advisory Board. This marks a significant milestone for Electroneum.
Richard Ells to join UK’s Blockchain Parliamentary Group
Richard was first involved with APPG Blockchain in June 2022 when he was invited to speak at UK Parliament alongside four other industry experts to share their organisation’s opinions on the importance of supportive digital asset regulations in the UK.
In addition to Martin Docherty-Hughes MP who leads APPG Blockchain, the group’s officers include; Kevan Jones MP, Viscount Waverley, The Earl of Lindsay, and Stephen Metcalfe MP. The advisory board includes; Dr. Scott Steedman (BSI Group), Charles Kerrigan (CMS Tax Law), Dr. Navin Ramachandran (IOTA Foundation), Chris Trew (Stratis Platform), amongst a few others.
“I welcome Electroneum and its Founder, Richard Ells, to the Advisory Board within the All-Party Parliamentary Group on Blockchain (APPG Blockchain). Working across blockchain developers, industry adoption and government in the areas of Blockchain policy, regulation and digital infrastructure development is vital for this sector to unlock its full purpose and potential. We must enable our business models, economy and society to fully benefit from the advantages of Blockchain technology. Support from Electroneum is valued alongside other significant industry players. ” – Prof. Birgitte Andersen, CEO of Big Innovation Centre – APPG Blockchain Secretariat.
Ells has been a leading advocate for the adoption of blockchain and distributed ledger technologies in the UK for many years, as the company has been operating in this field since the mid-2010s.
“It is a tremendous pleasure to be working alongside some of the UK’s most forward-thinking members of parliament. I’m confident that with the help of APPG Blockchain, the UK government can develop a strong foundation upon which blockchain and DLT innovation is supported and not hindered by long-established laws, many of which were established long before electricity was even a concept, let alone blockchain! I have no doubt that our work with Electroneum and AnyTask.com will provide invaluable insight for the guidance put forth to government by APPG Blockchain,” says Ells.
Over the last five years, Ells and his team have helped to deliver on various solutions that not only simplify the use of cryptocurrency but enable people to embrace new ways to earn an income online without the need for a bank account; a global issue faced by more than one-fifth of the world’s population.
Today the Electroneum ecosystem supports more than four million users worldwide. Meanwhile, AnyTask.com is enabling freelancers to get paid in Electroneum’s native cryptocurrency (ETN) to alleviate the need for a bank account, whilst helping to reduce Seller Fees to zero and facilitate cross-border transfers at a fraction of the cost.
Thhis comprehensive approach to cryptocurrency, which has been in operation for several years, will provide valuable insights for the UK’s APPG as they advise policymakers on the potential impact of blockchain and distributed ledger technologies in various sectors.
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