The potential British prime minister is pro-cryptocurrencies

Sunak has a high chance of being elected. According to the poll “Who would make a good prime minister?” Rishi is well ahead of Lizz Truss and Keir Starmer.

Source: twitter

Crypto community members might not be interested in another state’s election (unless we all really want the new prime minister to continue Boris Johnson’s policies toward Ukraine). But Rishi Sunak, in particular, stands out very much for the statements about his ambitions to turn Britain into a “global crypto-hub” (though he received a portion of ridicule in a separate analysis by the Financial Times, like “now bitcoin dictator of El Salvador Naib Bukele has a powerful follower and competitor,” while Britain itself was called “Bit-tain”).

More extensive adoption of digital assets, according to Sunak, has so far been hampered by their excessive volatility and insufficient regulation. He sees the first steps of his strategy as appropriate legislative initiatives for stablecoins, as well as the Royal Mint issuing its own NFTs, which would serve “as an emblem of the forward-looking approach that the UK is determined to take”.

Rishi acknowledges there are two polar camps regarding cryptocurrencies. Some worry about the carbon footprint and possible environmental damage, the lack of transparency and resulting dangers to consumers, the lack of state supervision, and the emergence of a platform for crime. Others rejoice in decentralization and the exclusion of banks and governments from the financial system.

How are we going to respond? Our answer is this: If crypto-technologies are going to be a big part of the future, then we – the UK – want to be in, and in on the ground floor.

Sunak states emotionally, in the style of a bitcoin maxi.

He also claims that his future government will have a concrete plan to take the lead in using the potential of blockchain technology.

But let’s not get too excited. Rishi Sunak was the only candidate in the campaign who used a QR code. But his assistants made a typo in the word “campaign” (see photo). Hopefully, the commendable zeal and optimism of the potential British prime minister will also be backed up by technological soundness, with no bugs or vulnerabilities in the code.

So, it’s just a matter of winning and getting the post.

Source: twitter