While UK regulators show mixed views on crypto adoption, the only thing they seem to agree on right now is that they need to decide on a clear approach to it.
The U.K. has also seen major political shifts during this period, including the resignation of Treasury Minister John Glen, whose April speech supporting the industry represented the most emphatic from a U.K. official to date.
. That figure will increase as consumer and commercial adoption grow, creating jobs, improving financial inclusion, and providing fresh alternatives to legacy systems in the financial services sector. To that end, Glen’s statements regarding the delivery of a financial market infrastructure sandbox and the establishment of a crypto-asset Engagement Group are welcome steps that we believe will allow the U.K. to continue to serve as a leader in this space in active collaboration with the industry.Taking a single unified approach to crypto regulation is also important.
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