UK falling behind on crypto laws to push consumers to unregulated offshore providers, warns MP – DL News
- The UK is falling behind, members of parliament say.
- This could put jobs and businesses at risk, they warn.
- A spate of rulemaking is expected to pick up in 2026.
After a year-long hiatus, a parliamentary group in the UK is working to bring cryptocurrency back to the forefront of the legislative process.
New co-chairs of the All-Party Parliamentary Group for Crypto and Digital Assets — Gurinder Singh Josan and Edward Vaizey — are urging lawmakers to establish clear rules of the road.
Or else.
Singh Josan, a Labour Party backbencher, warns that the government’s failure to pass meaningful legislation risks pushing businesses to more welcoming jurisdictions.
Worse, sluggish lawmakers could lead to more money in the hands of dodgy schemes,…
