Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

UK Appoints Emma Reynolds as Economic Secretary to Oversee Crypto

The U.K. government has appointed Emma Reynolds as the new Economic Secretary in charge of overseeing digital assets and central bank digital currencies — alongside the broader financial sector. The appointment was announced on Tuesday following the resignation of Tulip Siddiq, who set out the government`s crypto agenda weeks ago . It is not yet clear what the appointment of Reynolds, the former Parliamentary secretary at the Treasury, will do for the country`s crypto plans. However, the Financial Conduct Authority has already set out its agenda for a new crypto regime . Reynolds previously worked at TheCityUK, a trade body, as a managing director and in a bill discussion in 2022 said that there were positives to the U.K. being a second mover to the European Union and learning from it. "CryptoUK and its members have a long-term working relationship with the U.K. government and, as such, we welcome the appointment of Emma Reynolds as the new City Minister, " a spokesperson from lobby group CryptoUK said. Siddiq, the former secretary, resigned on Tuesday due to mounting pressure regarding an anti-corruption investigation in Bangladesh. Siddiq, whose aunt was the former Prime Minister of Bangladesh Sheikh Hasina, was named in an investigation looking into allegations that her family had embezzled funds. In a letter , Siddiq said she had referred herself to the independent adviser on ministerial standards, Sir Laurie Magnus, where she was able to share the full details of her finances and living arrangements. Magnus had found that Siddiq had "not breached the ministerial code," her letter said. However, continuing her work would be a distraction to the government, she said. Siddiq had just announced that the U.K.`s new government, headed up by the Labour Party, would still follow the regulatory plans set by its predecessor the Conservative Party. Crypto and stablecoin legislation is expected to come out early this year. Many are looking at the U.K. to take steps forward to regulate the crypto sector as other major nations like the European Union install their crypto regimes and the U.S. waits for crypto friendly Donald Trump to begin his Presidency next week CoinTurk News

---

COW and TOKEN are now available for trading!

We’re thrilled to announce that CoW Protocol and TokenFi are now available for trading on Kraken! Funding and trading Cow Protocol and TokenFi trading will be live as of 15:00 PM UTC today, January 15, 2025. To add an asset to your Kraken account, navigate to Funding, select the asset you’re after, and hit ‘Deposit.’ Make sure to deposit your tokens into networks supported by Kraken. Deposits made using other networks will be lost. Trade on Kraken The new tokens are tradeable on Kraken and Kraken Pro with the following parameters: Asset Pair Price decimal precision Minimum order size Minimum deposit COW USD, EUR 0.0001 20 20 TOKEN USD, EUR 0.00001 100 100 Note: Trading via Kraken App and Instant Buy will be available once the liquidity conditions are met (when a sufficient number of buyers and sellers have entered the market for their orders to be efficiently matched). COW is not available in DE . TOKEN is not available in DE . Here’s some more information about these assets: CoW Protocol (COW) is the native token of CowSwap, a decentralized exchange focused on creating efficient and user-friendly trading. CowSwap optimizes trade settlements by leveraging batch auctions and preventing front-running. The COW token serves as a governance token and is used to incentivize liquidity providers and participants of the exchange. TokenFi (TOKEN) is the native token of the TokenFi platform — a seamless, user-friendly environment for managing and trading tokenized real-world assets . TOKEN is used to enable transactions, provide governance and as an incentive within the TokenFi platform. Ready to trade but don’t have a Kraken account yet? Sign up today ! Get Started with Kraken Will Kraken make more assets available? Yes! But our policy is to never reveal any details until shortly before launch – including which assets we are considering. All of Kraken’s available tokens can be found here , and all future tokens will be announced on our Listings Roadmap and social media profiles . Our client engagement specialists cannot answer any questions about which assets we may be making available in the future. These materials are for general information purposes only and are not investment advice or a recommendation or solicitation to buy, sell, stake or hold any cryptoasset or to engage in any specific trading strategy. Kraken does not and will not work to increase or decrease the price of any particular cryptoasset it makes available. Some crypto products and markets are regulated and others are unregulated; regardless, Kraken may or may not be required to be registered or otherwise authorised to provide specific products and services in each market, and you may not be protected by government compensation and/or regulatory protection schemes. The unpredictable nature of the cryptoasset markets can lead to loss of funds. Tax may be payable on any return and/or on any increase in the value of your cryptoassets and you should seek independent advice on your taxation position. Geographic restrictions may apply. See Legal Disclosures for each jurisdiction here . The post COW and TOKEN are now available for trading! appeared first on Kraken Blog . CoinTurk News