Osborne warns UK risks falling behind in global crypto race
Former UK Chancellor George Osborne has warned that the country risks being left behind in the global cryptocurrency race under the current Labour government. Citing a lack of regulatory clarity and a cautious stance on emerging financial technologies, Osborne urged the government to establish a robust framework, particularly for stablecoins, to remain competitive [1]. He emphasized that the UK had already missed its opportunity to lead in the first wave of crypto adoption and must not repeat the mistake with the next evolution of digital finance [2]. His comments have intensified the debate around balancing innovation with regulation, as some investors and tech advocates argue that the UK’s current approach could undermine its…
