UK Crypto Regulation Lags Behind Global Leaders As Osborne Warns Of Competitive Risks
– Former UK Chancellor George Osborne warns the UK risks falling behind in the global crypto race due to cautious regulation.
– Comparing the UK to leaders like the US, Singapore, and Hong Kong, he highlights the lack of a comprehensive regulatory framework for digital assets.
– The UK’s slow legislative progress contrasts with proactive global developments, risking loss of financial hub status and investment.
– Despite government claims of innovation ambitions, critics argue delayed reforms push investors to unregulated markets.
