London mayoral candidate wants to give every resident £100 in cryptocurrency
PANews reported on April 11 that according to The Block, London mayoral candidate Brian Rose proposed to give each London resident a new cryptocurrency "LONDON token" worth 100 pounds. The plan is to create a liquidity pool worth £100 million through a one-off tax on the profits of city financial institutions. Rose’s goal is to enable the new cryptocurrency to be used within London’s transport network and used to pay municipal fees, parking fees and more. He also plans to offer LONDON token through popular exchanges and build a comprehensive cryptocurrency financial education platform to help citizens learn how to manage their digital wallets, invest in their tokens, and participate in the blockchain economy.
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