Rishi Sunak has just been appointed Prime Minister of the United Kingdom. And the successor of Liz Truss has shown himself to be particularly open to cryptocurrencies in the past. What does he really think?
A Prime Minister particularly open to cryptocurrencies
As several members of the crypto community have pointed out, the Prime Minister considers cryptocurrencies as fundamental for the companies of tomorrow ». In any case, this is what he said last April, on Twitter:
We’re working to make the UK a global cryptoassets hub. We want to see the businesses of tomorrow, and the jobs they create, here in the UK.
Today @JohnGlenUK set out how we are going to encourage crypto investment and technology in UK markets. 👇https://t.co/MdZ5IOLZtH
—Rishi Sunak (@RishiSunak) April 4, 2022
The Tory MP said he wanted to make the UK a nerve center for cryptocurrenciesin particular to create jobs.
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More recently during the nomination contest, when asked about his preference for non-fungible tokens (NFTs), he felt prefer Bored Apes to Cryptopunksand be in favor of “a basket of cryptocurrencies” rather than just Bitcoin (BTC) or Ether (ETH):
The UK’s new PM prefers Bored Apes to CryptoPunks and prefers a basket of different coins (dabbles in shitcoins?)
(Clip from leadership race a couple months ago) pic.twitter.com/3FwMgAPA0s
—db (@tier10k) October 24, 2022
The new British Prime Minister is therefore apparently sufficiently familiar with the ecosystem to know of two collections of major NFTs. Information not so surprising when you know his career.
👉 To go further – NFT: our explanations to understand everything in a few minutes
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Former Goldman Sachs proponent of austerity
Rishi Sunak comes from the world of Finance, having started his career at Goldman Sachs. Very wealthy, he was the subject of a scandal recently regarding his wife’s taxes. Politically, however, he is a big supporter of austerity, as he showed when he was appointed Chancellor of the Exchequer, that is to say the equivalent of the Minister of Finance for our British neighbors.
During this role, he will have developed a 350 billion pound bailout, and went through the Covid crisis to find itself beaten by Liz Truss during the last change of Prime Minister. Now appointed as the UK is experiencing a major political and financial crisis, he will guide the country’s economic policy.
It is likely that the new Prime Minister will push for the development a central bank digital currency (MNBC) pegged to the British pound. Regarding stablecoins, he recently stated that they “must be introduced into regulation, paving the way for use in the UK as a recognized form of payment”.
Will Rishi Sunak allow the UK to truly capitalize on the cryptocurrency ecosystem? He will already have to deal with a particularly clear lack of confidence in his party, as well only to a particularly salient crisis situation with our neighbors across the Channel.
👉 Read also – UK introduces new reforms to make it easier to seize cryptocurrencies
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Source: Rishi Sunak via Twitter
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Journalist at Cryptoast, I fell into the pot of cryptocurrencies a few years ago. I am passionate about the innovative technologies that stem from the blockchain and I like to find the most crispy information to share with you.
Marine Debelloir
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