During his time as finance minister under former Prime Minister Boris Johnson, Sunak announced he wanted to turn the U.K. into a crypto hub. He helped usher in the Financial Services and Markets Bill, which, if passed into law, could give local regulators broad power over the crypto industry – starting with bringing asset-pegged crypto like stablecoins into the scope of payments regulations. Under his leadership, the country’s coin producer, the Royal Mint, was tasked with creating a non-fungible token (NFT) collection, which has yet to come to fruition.
‘Enforcement 40’ for 2020
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