UK Government under pressure to back crypto market
Crypto leaders have urged the UK Government to create an action plan for the blockchain industry to remain competitive.
In a letter to the prime minister’s special advisor on business Varun Chandra, a group of trade bodies called for “greater strategic focus and alignment” in the blockchain ecosystem.
Six bodies including techUK, the UK Cryptoasset Business Council and the Crypto Council for Innovation outlined four recommendations to ensure the UK doesn’t miss out on the sector’s predicted economic boom.
The group cited “geopolitical events”, like Donald Trump’s approach to the market, as the cause of a new global race to “attract and onshore” digital assets businesses.
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