King Charles II has approved the appointment of Member of Parliament Bim Afolami to the position of Economic Secretary to the Treasury of the United Kingdom.

In a Nov. 13 notice, the U.K. government said Afolami was one of several appointments in restructuring ministers and secretaries. As Economic Secretary, he will control many policies affecting the adoption of digital assets and central bank digital currencies in the United Kingdom.

Under U.K. Prime Minister Rishi Sunak, former Economic Secretary Andrew Griffith promoted policies turning the country into a crypto hub, including the introduction of stablecoins. Griffith has been appointed the next Minister of State in the Department…

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