Six major UK digital and tech organizations are calling on Prime Minister Keir Starmer to start taking crypto seriously. They want the UK to follow the US example by appointing a special envoy for cryptocurrencies to coordinate the sector’s growth and strengthen the country's position as a global tech leader.
🏛️ UK Should Appoint a “Crypto Czar” Like the U.S.
In an open letter dated March 31, a coalition including the Cryptoasset Business Council, Global Digital Finance, The Payments Association, Digital Currencies Governance Group, Crypto Council for Innovation, and techUK urged government adviser Varun Chandra to focus on promoting investment, jobs, and economic growth in the crypto industry.
They’re taking inspiration from the U.S. under President Trump, who appointed a crypto czar — signaling that digital assets are a cornerstone of future economic growth.
The UK Has a Chance to Lead — If It Acts Now
The organizations emphasized that the UK’s tech-focused trade partnership with the U.S. presents a unique opportunity to strengthen Britain’s leadership in blockchain, crypto, and fintech.
They propose that the UK government:
Appoint a special blockchain envoy
Launch a national crypto and blockchain action plan
Establish a “concierge service” for high-potential startups
Create a high-level forum for cooperation between industry, regulators, and government
🤖 Blockchain, AI, and Quantum Tech Share a Common Future
The coalition also called on the government to leverage the synergy between blockchain, artificial intelligence, and quantum computing, especially for innovative public services. These combined technologies could transform the economy and public sector innovation.
💰 Crypto Could Inject Billions Into the UK Economy
The group estimates that crypto and blockchain could contribute up to £57 billion to the UK economy over the next decade and globally boost GDP by $1.8 trillion by 2030.
⚠️ UK Is Falling Behind — Crypto Expert Warns
Tom Griffiths, co-founder of crypto compliance firm BitCompli, responded to the letter on LinkedIn, warning that although the UK’s Financial Conduct Authority (FCA) has talent and foresight, it is losing ground to Dubai, Singapore, and other EU jurisdictions.
“Now is the time for the FCA to step up. Otherwise, the UK will miss a huge opportunity that digital assets can bring — not just now, but for the next 20 years,” he said.
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