UK Risks Falling Behind in Global Crypto Race, Warns George Osborne
TLDR
- Former Chancellor George Osborne warned that the UK is being left behind in the global crypto race.
- Osborne said the UK’s delayed response to crypto mirrors its late adoption of past financial reforms.
- Despite earlier consultations, the UK has not yet implemented a legal framework for crypto and stablecoins.
- Other regions like the US, Hong Kong, and Singapore have introduced clear crypto regulations and launched ETFs.
- UK regulators plan to ban the use of borrowed funds for crypto investments to reduce financial risks.
According to former Chancellor George Osborne, the UK may miss the global crypto shift due to its delayed actions. While other financial hubs advance digital asset frameworks, the UK lags in policy and…
