UK Loses Crypto Hub Status as Builders Look to the US
The Ethereum software firm ConsenSys says the United Kingdom has lost ground in its bid to become a top global crypto hub. Instead, it believes the United States is now ahead, thanks in part to what it sees as overly strict regulation in Britain. These comments came during ConsenSys’s developer conference this week, and they paint a pretty clear picture of how the firm sees the current state of play.
According to ConsenSys, the message from the UK regulators is being heard loud and clear across the industry, and not in a good way. The firm says the UK risks missing out on the next phase of crypto growth by making the regulatory environment too difficult to navigate.
The main issue seems to lie with the Financial Conduct…
