UK Needs to Be More Welcoming
Cryptocurrency and FinTech executives say Great Britain has become an unwelcoming place for their businesses.
That’s according to a report Wednesday (April 30) by CNBC, citing interviews with industry leaders who say the United Kingdom risks losing companies to other tech hubs if it can’t solve regulatory and funding issues.
Jaidev Janardana, CEO of British digital bank Zopa, told the financial news network that the U.K. was, a decade ago, at “the forefront in terms of promoting competitiveness and innovation,” but is now more concerned about “prioritizing safety and soundness” at the expense of growth.
“If I look at the speed of innovation, I do feel that the U.S. is ahead — although they have their own…
