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City Minister Advocates for Blockchain Bonds Amidst Government Hesitations

City Minister Advocates for Blockchain Bonds Amidst Government Hesitations

In a bold move to transform the financial landscape, City Minister Tulip Siddiq is advocating for the introduction of blockchain-based bonds, known as gilts, despite facing significant opposition from the UK's Debt Management Office. Siddiq's push signals a potential shift towards a more modernized financial market, as she seeks to embrace innovative technologies that could enhance the efficiency and transparency of public debt instruments.