UK financial regulators urged to accelerate crypto rulemaking

‘FinTech in a Changing World’ conference panel (from L-R): Natalie Lewis (Travers Smith – panel moderator), Lux Thiagarajah (OpenPayd), Charles McManus (ClearBank and other roles), Andrew MacKenzie (Agant) and Laura Navaratnam (Crypto Council for Innovation) | Credit: Global Government Fintech montage of photos provided by Innovate Finance

Private-sector financial technology representatives in the UK have urged regulators to accelerate the introduction of laws to regulate cryptoassets including stablecoins in the latest show of companies’ frustration at the authorities’ speed of movement compared to jurisdictions such as the US, European Union and Singapore.

“I reckon we [UK regulators] have maybe three…

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