Rishi Sunak, the former British Chancellor of the Exchequer, was elected leader of the Conservative Party on Monday and was determined to take over as Prime Minister of the United Kingdom. In addition to the heated discussion about his family background like a “victory group in life”, people in the currency circle also paid special attention to Sunak’s interest in cryptocurrencies. What is the position? What kind of policy will be adopted for cryptocurrencies in the future?
Sunak is a financial analyst from 2001 to 2004. He was an analyst at Goldman Sachs from 2001 to 2004, and later became a partner of 2 hedge funds. In 2015, he was elected to Richmond, North Yorkshire. The Cabinet serves as chief secretary to the Treasury, in 2020 became the youngest chancellor in history, and chaired the national budget during the Covid-19 pandemic.
Regarding Sunak’s personal thoughts on cryptocurrencies, he revealed in an interview at an election event a few months ago that he actually prefers BAYC to CryptoPunks, and when it comes to investing, he also prefers Prefer multi-currency portfolios.
Sunak is crypto friendly, no doubt about it. When he was British Chancellor of the Exchequer in the past, he had stated that he would strive to make the United Kingdom a global center for encrypted assets, and began the process of seeking regulation of stablecoins in April this year, helping to formulate the Financial Services and Markets Act, which included Guidelines for the safe adoption of cryptoassets, if eventually passed into law, would see stablecoins regulated as a form of payment in the UK.
In addition, in order for the UK to become a “world leader” in the field of cryptocurrency, Sunak also commissioned The Royal Mint to issue the government’s official NFT this summer, and worked with former economic minister John Glen and senior officials, Several conferences are held between cryptocurrency companies, actively attracting cryptocurrency companies and venture capitalists to the UK.
However, when Sunak takes office as prime minister, he will face a series of severe challenges. The UK inflation rate is at a 40-year high, the stock market, bond market and foreign exchange market are in turmoil. Tax policy has also made the British economy worse.
Therefore, Sunak’s top priority is to lead the UK through the economic difficulties. In addition, the Conservative Party has recently fallen into a split crisis, which can be described as a “candle burning at both ends”. Will it be able to fulfill its promise in the future and promote the UK to become a “global crypto asset center”? We will wait and see.