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Boris Johnson blockchain conference keynote: When will former PM make his Singapore symposium speech?

By Darius McQuaid

Edited by Charlie Mellor

12:52, 2 November 2022

Boris Johnson delivers his farewell address as PM outside 10 Downing Street
Johnson, a former UK PM and London mayor, will be a keynote speaker at the symposium – Photo: Getty Images

Former UK prime minister (PM) Boris Johnson will be the keynote speaker at the International Symposium on Blockchain Advancements (ISBA) on 2 December 2022 in Singapore.       

Johnson, Member of Parliament for Uxbridge and South Ruislip who served as PM from 2019-2022 and London mayor from 2008-2016, will speak at the conference at 16:05 SGT (UTC +8). 

The symposium has a focused on blockchain, the key underlying technology behind cryptocurrencies such as bitcoin (BTC).

BTC to USD

Former vice president will also deliver speech

Johnson is not the only high-profile politician scheduled to speak at the event. Former US vice president Dick Cheney, who served under former president George W. Bush from 2001-2009, will also be attending the symposium.

Cheney will take to the podium for his morning speech at 09:05 SGT (UTC +8) prior to Johnson.

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‘Blockchain has been heralding the digital revolution’

According to the ISBA “blockchain has been heralding the digital revolution with it lots of hopes and promises”.

SOL/USD

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Short position overnight fee 0.0069%
Overnight fee time 21:00 (UTC)
Spread 0.01168

The ISBA added that it aims to “guide the first step in migrating to the digital economy by provoking meaningful questions and discussions that will enable all of us, builders and consumers alike, to cut through the blockchain hype and grasp a realistic view of the emerging trends and needs, and to provide a technical blueprint for innovative solution.”   

Other speakers at the symposium will include:

  • Dr Cesare Fracassi, chief economist at Coinbase Institute, who will take part in a panel discussion exploring on how to rebuild confidence among decentralised finance (DeFi) users
  • Nitin Gaur, global head of digital asset and technology design at State Street Digital, who will discuss how to engage in business in the metaverse

UK’s current crypto friendly PM

The UK’s current PM Rishi Sunak is said to be a crypto supporter. He actively advocated for the UK to become a global crypto asset and technology hub during his time as UK chancellor at 11 Downing Street.

In a plan set out earlier this year, Sunak outlined how the UK government would help encourage the development of the crypto asset market in the UK in order to ensure that Britain’s booming financial services sector remains at the forefront of innovation.

Sunak said: “It’s my ambition to make the UK a global hub for crypto asset technology.”

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The difference between trading assets and CFDs
The main difference between CFD trading and trading assets, such as commodities and stocks, is that you don’t own the underlying asset when you trade on a CFD.
You can still benefit if the market moves in your favour, or make a loss if it moves against you. However, with traditional trading you enter a contract to exchange the legal ownership of the individual shares or the commodities for money, and you own this until you sell it again.
CFDs are leveraged products, which means that you only need to deposit a percentage of the full value of the CFD trade in order to open a position. But with traditional trading, you buy the assets for the full amount. In the UK, there is no stamp duty on CFD trading, but there is when you buy stocks, for example.
CFDs attract overnight costs to hold the trades (unless you use 1-1 leverage), which makes them more suited to short-term trading opportunities. Stocks and commodities are more normally bought and held for longer. You might also pay a broker commission or fees when buying and selling assets direct and you’d need somewhere to store them safely.
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