Yesterday Chancellor Rishi Sunak outlined plans to ensure the UK remains an “open, attractive” financial centre following Brexit.
In Brief:
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The UK will issue its first ever Sovereign Green Bond.
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It also plans to “lead the global conversation” on stablecoins and Central Bank Digital Currency.
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Sunak also welcomed the work of HM Treasury and the Bank of England on developing digital currencies.
What does this mean?
The Chancellor welcomed the upcoming FinTech review under Ron Kalifa, an said that the UK’s departure from the EU is part of a “new chapter in the history of financial services” and an opportunity to renew the UK’s position as “the world’s pre-eminent financial centre”.
