What Rishi Sunak presidency meant for cryptocurrency? – Katoch Tubes

Rishi Sunak and cryptocurrency

About Rishi Sunak

Rishi Sunak is the British politician and the Prime Minister of UK from the Conservative Party since Oct 2022

His view on Cryptocurrency

In the past when Rishi was  the chancellor of Boris Johnson (Ex-PM), he expressed his interest of making UK a  crypto hub.

Proposed Reforms

In the month of April, Rishi proposed regulatory reforms  for stablecoins & crypto industry. 

Acknowledging NFTs

In his statement he has also acknowledged NFTs to be the part of the efforts to make UK  a global crypto hub.

Declaring financial asset

In a recent poll in October, UK lawmakers voted to recognise Bitcoin and crypto as regulated financial instruments

Way Ahead for Rishi

Rishi will have to make tough decisions in the down market. Rising inflation and declining pound will going to be his primary concerns.

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