Too many cooks: How regulatory infighting is choking the UK's crypto hub ambitions
CoinDesk
Regulatory fragmentation and slow implementation in the UK are hindering its goal of becoming a leading global digital asset hub.Summary
The UK's ambition to become a global crypto hub is being undermined by bureaucratic friction and a lack of coordination between HM Treasury, the Bank of England, and the FCA. Industry experts, including Jonny Fry of TeamBlockchain Ltd., warn that this regulatory gridlock creates operational uncertainty, causing firms to relocate to more competitive jurisdictions and risking the long-term loss of digital infrastructure development. While the FCA maintains that its measured rollout is building a robust regime, critics argue that the lack of agility may lead to the dollarization of the UK market as businesses look elsewhere for clarity.
(Source：CoinDesk)