U.K. Risks Becoming a “Flyover Zone” for Crypto
Market participants warned that the U.K. needs to decide its approach to digital money, especially towards stablecoins, or it risks falling behind other jurisdictions.
Katie Harries, head of policy, Europe at U.S.-listed digital asset exchange operator Coinbase said that the biggest challenge for the U.K. is that it has not set an approach to digital money. For example, the country needs to decide whether to lean into tokenized deposits, central bank digital currencies (CBDCs) or stablecoins. She spoke on a panel at City & Financial Global conference on The UK’s New Cryptoasset and Stablecoin Regulatory Regime conference in London on 26…
