How Crypto Could Help Rishi Sunak Save the UK Economy
Like his predecessors, the new prime minister of the United Kingdom, Rishi Sunak, has promised to focus on the economy. The new ruler might twist his economic strategy by finally embracing crypto and digital assets. Related Reading: Binance’s BNB Chain To Be Integrated Into CBDC Of Kazakhstan Rishi Sunak inherited a government in a precarious condition […]
Related News
Britain’s former Chancellor of the Exchequer Rishi Sunak has become the country’s new prime minister, succeeding Liz Truss who resigned after 44 days in office. The leader of the Conservative Party previously said: “It’s my ambition to make the U.K. a global hub for cryptoasset technology.” Rishi Sunak Takes Office as U.K. Prime Minister Rishi Sunak, who served as Britain’s chancellor of the exchequer from 2020 to 2022 and chief secretary to the Treasury from 2019 to 2022, has become the prime minister of the U.K. He succeeded Liz Truss, who resigned....
Rishi Sunak, a Southampton-born British politician, is the new Prime Minister of the United Kingdom. He replaced Liz Truss who resigned from her position after just 44 days in public service. The newly installed prime minister has compiled quite a resume, having served as Chancellor of Exchequer from 2020 to 2022 and Secretary to the […]
The new leader of the world’s sixth-largest economy is the former chancellor of the exchequer and is said to be richer than King Charles; he is also a firm crypto supporter. Rishi Sunak is set to become prime minister of the United Kingdom within days. Sunak was defeated for the top government post by Liz Truss on Sept. 5, but she resigned after 45 days in office. Indications so far are that his selection for the office is good news for the crypto industry.Sunak was chancellor of the exchequer, or head of the treasury, from early 2020 to July 5, when he resigned during a scandal that shook....
“While I believe in the power of new technology, we also need to manage its impact on our economy and society,” said Rishi Sunak. Rishi Sunak, chancellor of the Exchequer for the United Kingdom, has included cryptocurrencies and stablecoins on the list of financial reforms the government plans to undertake in the next few years.Speaking to lawmakers at the Lord Mayor of London’s residence on Thursday, the chancellor said the U.K. government would be implementing recommendations to establish the country as a center of fintech innovation and business. Though Sunak said the U.K. would be....
Cryptocurrency fans have a lot to look forward to with the new prime minister, who has a track record of being highly positive about the industry. A former investment banker turned savvy politician, Rishi Sunak has had an incredibly prolific career in just a short period of time. At only 42, he has served as a member of the United Kingdom’s Parliament, chief secretary to the treasury and chancellor of the exchequer — and now, he’s starting his tenure as prime minister. As the youngest PM to take office in the U.K. in more than 200 years, Sunak has something else in common with his....