George Osborne Warns UK Is Falling Behind in Global Crypto Race
The United Kingdom is at risk of falling behind in the rapidly changing global cryptocurrency market, according to former Chancellor George Osborne. In a recent op-ed published by the Financial Times, Osborne expressed concern that the nation has already missed the first wave of crypto innovation, and now stands to miss the second, particularly amid the growing prominence of stablecoins.
“What I see makes me anxious,” he wrote. “Far from being an early adopter, we’ve allowed ourselves to be left behind.” Osborne, currently serving as an advisor to leading crypto exchange Coinbase, attributed the UK’s lagging position to sluggish regulatory action and a lack of urgency from policymakers.
