George Osborne warned that the country was losing crypto ground
Former UK Chancellor George Osborne warned that the country was “falling behind” in the global crypto race. The ex-British Finance Minister further cautioned that the UK risked “becoming irrelevant.” He added that the U.S., the UAE, and Asia were on top of their crypto game.
Osborne urged Chancellor Rachel Reeves and the BoE (Bank of England)’s Governor Andrew Bailey to steer Britain out of the “slow lane”. He asked Reeves to set up a stablecoin framework, adding that it was “time to catch up”. The former Tory Chancellor claimed that the UK had become the “world’s financial center” because it was not “afraid of change,” but now it was becoming “too risk-averse,” especially regarding crypto regulation…
