Here Are Rishi Sunak’s Most Urgent Crypto Tasks as UK Leader
- Businesses seek more regulatory clarity and faster approvals
- Sunak must also make progress on stablecoins, digital pound
Rishi Sunak, UK prime minister, outside 10 Downing Street on Oct. 25.
Photographer: Chris J. Ratcliffe/BloombergThis article is for subscribers only.
As Chancellor of the Exchequer, Rishi Sunak outlined an ambitious plan to turn the UK into a crypto hub. As prime minister, he’ll be under pressure to deliver on that pledge while at the same time containing an economic crisis.
Crypto executives and investors interviewed by Bloomberg News greeted Sunak’s appointment with cautious optimism. Yet they also said the UK’s political upheaval in recent months has increased the urgency of formulating a comprehensive regulatory regime for the sector.