Red Sky at Morning
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- Joined
- Mar 15, 2017
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One year ago….
A change of leadership….
An interestingly timed collapse….
www.dailymail.co.uk
Enter Rishi Sunak and an interesting new solution?
A crypto enthusiast
Of all contemporary politicians, Sunak is among the few who are enthusiastic about cryptocurrency. Sunak, during his tenure as the chancellor in Boris Johnson's government, had expressed his desire to make the UK a hub of cryptocurrency. Now industry experts have termed his coronation as the UK Prime Minister as good news for the crypto industry.
Back in April, when Sunak was serving as the chancellor of the exchequer during Boris Johnson's rule, he proposed regulatory reforms related to stablecoins. "It's my ambition to make the UK a global hub for crypto-asset technology, and the measures we've outlined will help to ensure firms can invest, innovate and scale up in this country. This is part of our plan to ensure the UK financial services industry is always at the forefront of technology and innovation," Sunak said.
In 2021, Sunak also proposed a central bank digital currency (CBDC), or "Britcoin" to be a part of the UK economy by the end 2025. He had highlighted the advantages of CBDC but poor reception and regulatory concerns put forth by the security experts had stopped the CBDC from coming into action. Needless to say, the change of government twice postponed Sunak's crypto plans. However, now that Sunak has assumed chair as the prime minister, there are some chances of the concept resurfacing and becoming a part of the UK economy.
www.indiatoday.in
A change of leadership….
An interestingly timed collapse….
ONE MILLION victims of FTX bankruptcy may never recoup their funds
Documents were filed with the bankruptcy court in Delaware amid a bizarre series of tweets which spelled out the question 'what happened'.
Enter Rishi Sunak and an interesting new solution?
Rishi Sunak as UK prime minister: What does this mean for cryptocurrencies?
Sunak's appointment as the new UK PM is taken as positive by crypto experts. He is said to be a pro-crypto politician and major reforms are expected from him in the blockchain industry.
www.livemint.com
A crypto enthusiast
Of all contemporary politicians, Sunak is among the few who are enthusiastic about cryptocurrency. Sunak, during his tenure as the chancellor in Boris Johnson's government, had expressed his desire to make the UK a hub of cryptocurrency. Now industry experts have termed his coronation as the UK Prime Minister as good news for the crypto industry.
Back in April, when Sunak was serving as the chancellor of the exchequer during Boris Johnson's rule, he proposed regulatory reforms related to stablecoins. "It's my ambition to make the UK a global hub for crypto-asset technology, and the measures we've outlined will help to ensure firms can invest, innovate and scale up in this country. This is part of our plan to ensure the UK financial services industry is always at the forefront of technology and innovation," Sunak said.
In 2021, Sunak also proposed a central bank digital currency (CBDC), or "Britcoin" to be a part of the UK economy by the end 2025. He had highlighted the advantages of CBDC but poor reception and regulatory concerns put forth by the security experts had stopped the CBDC from coming into action. Needless to say, the change of government twice postponed Sunak's crypto plans. However, now that Sunak has assumed chair as the prime minister, there are some chances of the concept resurfacing and becoming a part of the UK economy.
UK Prime Minister Rishi Sunak not only has Infosys ties but is also a crypto enthusiast
Rishi Sunak, the 57th Prime Minister of UK, has some tech connections: one, he has some ties with Infosys given that he is the son-in-law of Narayan Murthy. And two, he is a big crypto enthusiast and may even have plans to create a "Britcoin".
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