The new UK Prime Minister expressed his enthusiasm for bitcoin and other blockchain projects

The newly elected Prime Minister of the United Kingdom, Rishi Sunak, intends to turn Britain into a global cryptocurrency center — the politician worked on this during his tenure as the UK’s finance minister, and it is expected that Sunak will continue his crypto-friendly policy now.

The UK cryptocurrency community is positive about the prospects for the development of the digital asset industry with the new prime minister. «This is positive for both crypto and the country’s economy as a whole,» said Ian Taylor, head of the CryptoUK lobbying group. A video of Sunak choosing between two of the most popular NFTs (Bored Apes and Crypto Punks) and the leading cryptocurrencies (bitcoin and ethereum) was even leaked.

During the term of former Prime Minister Boris Johnson, Rishi Sunak contributed to the development of the Financial Services and Markets Bill. If passed, the bill would give local regulators the power to support and monitor crypto companies. Starting with the inclusion of stablecoins in the sphere of payments regulated by the state. Under Sunak’s leadership, the Royal Mint has begun creating its own collection of non-fungible tokens.

It is worth reminding that the previous British Prime Minister Liz Truss, who was in office for only 45 days, also supported cryptocurrencies. Back in 2018, Truss supported digital assets. Truss’s election campaign was based on a plan for the country’s economic growth and «getting Britain back on track» after its exit from the European Union. And in 2020, when Brexit was finalized, Truss, who was then the Minister of Commerce, said that the country could «create great opportunities in the blockchain space.»