Coinbase appoints former UK Chancellor of the Exchequer, who warned against ‘running on the pound’, for Advisory Council in 2008
Coinbase has appointed George Osborne, a leading figure in British politics and finance, to support its global expansion efforts. Known for his tenure as Chancellor of the Exchequer (Treasury) of the United Kingdom from 2010 to 2016 and his contributions to the country’s economic and financial policies, Osborne is Dr. The council includes former US Secretary of Defense Mark T. Esper and former Senator Patrick Toomey.
Osborne has historically taken a positive stance towards cryptocurrencies and blockchain technology. He has made various statements over the years that demonstrate his belief in their transformative potential.
As reported by Coinbase, the company has made significant progress in global expansion. It has obtained operating licenses in various countries, including France, Spain, Singapore and Bermuda. Coinbase has expanded its reach across 20 African countries, making it easier for millions of users to access USDC and enabling faster, more affordable transactions. Osborne’s extensive experience in government, international finance and fintech investments is expected to be invaluable during this growth phase.
Faryar Shirzad, Coinbase’s Chief Policy Officer, emphasized that Osborne’s diverse business, journalistic and government expertise is key to the company’s future efforts. “George brings with him a wealth of experience… We look forward to relying on his insights and experience as we grow Coinbase globally,” Shirzad said.
Commenting on his appointment, Osborne said:
In 2014, Osborne announced that the UK government would investigate the role of virtual currencies such as Bitcoin and how they could help the UK become a leader in the digital economy. By 2015, Osborne expressed his belief in the potential of digital currencies, stating that they could play a significant role in finance. It highlights London’s ambition to become a world leader in FinTech and digital currencies.
Additionally, Osborne’s venture capital firm, 9Yards Capital, has also invested in crypto. The firm reportedly made significant gains after investing in internet computer (ICP).
Considering Coinbase’s recent campaign to “rebuild” the system, Osborne is an interesting choice. In 2008 Osborne warned of a potential collapse of the fiat system in the UK:
This first-hand experience of mounting national debt could put Osborne in a unique position to understand the benefits of digital currencies like bitcoin. During his time as chancellor, around £500bn was printed between 2010 and 2016, adding to the UK M1 money supply.
The UK failed to realize Osborne’s vision of becoming a digital asset hub in 2015. Overcoming the growing regulatory hurdles and limitations on crypto trading in the country will likely be one of the key challenges Osborne will face in advising Coinbase in the future.
#Coinbase #appoints #Chancellor #Exchequer #warned #running #pound #Advisory #Council
Coinbase has appointed George Osborne, a leading figure in British politics and finance, to support its global expansion efforts. Known for his tenure as Chancellor of the Exchequer (Treasury) of the United Kingdom from 2010 to 2016 and his contributions to the country’s economic and financial policies, Osborne is Dr. The council includes former US Secretary of Defense Mark T. Esper and former Senator Patrick Toomey.
Osborne has historically taken a positive stance towards cryptocurrencies and blockchain technology. He has made various statements over the years that demonstrate his belief in their transformative potential.
As reported by Coinbase, the company has made significant progress in global expansion. It has obtained operating licenses in various countries, including France, Spain, Singapore and Bermuda. Coinbase has expanded its reach across 20 African countries, making it easier for millions of users to access USDC and enabling faster, more affordable transactions. Osborne’s extensive experience in government, international finance and fintech investments is expected to be invaluable during this growth phase.
Faryar Shirzad, Coinbase’s Chief Policy Officer, emphasized that Osborne’s diverse business, journalistic and government expertise is key to the company’s future efforts. “George brings with him a wealth of experience… We look forward to relying on his insights and experience as we grow Coinbase globally,” Shirzad said.
Commenting on his appointment, Osborne said:
George Osborne and crypto.
In 2014, Osborne announced that the UK government would investigate the role of virtual currencies such as Bitcoin and how they could help the UK become a leader in the digital economy. By 2015, Osborne expressed his belief in the potential of digital currencies, stating that they could play a significant role in finance. It highlights London’s ambition to become a world leader in FinTech and digital currencies.
Additionally, Osborne’s venture capital firm, 9Yards Capital, has also invested in crypto. The firm reportedly made significant gains after investing in internet computer (ICP).
Considering Coinbase’s recent campaign to “rebuild” the system, Osborne is an interesting choice. In 2008 Osborne warned of a potential collapse of the fiat system in the UK:
When Osborne made this statement, the UK’s national debt was £530 billion; By the time he left office this figure had risen to £1.6 trillion. Today it is estimated to be around £2.7 trillion and around 102% of GDP.
This first-hand experience of mounting national debt could put Osborne in a unique position to understand the benefits of digital currencies like bitcoin. During his time as chancellor, around £500bn was printed between 2010 and 2016, adding to the UK M1 money supply.
The UK failed to realize Osborne’s vision of becoming a digital asset hub in 2015. Overcoming the growing regulatory hurdles and limitations on crypto trading in the country will likely be one of the key challenges Osborne will face in advising Coinbase in the future.
#Coinbase #appoints #Chancellor #Exchequer #warned #running #pound #Advisory #Council
