#USNationalDebt

UK Falling Behind in Crypto Regulation

🇬🇧 The UK is under fire for "policy procrastination" in digital asset regulation, lagging behind the 🇪🇺 EU and 🇺🇸 US.

🔍 A recent analysis warns that despite early leadership in fintech, the UK has missed key opportunities to define clear crypto rules — especially post-Brexit. The FCA’s “Crypto Roadmap” still lacks a confirmed launch date, with vague mentions of “after 2026.”

⚖️ In contrast:

🇪🇺 MiCA (Markets in Crypto-Assets) is already active.

🇺🇸 GENIUS Act just passed, offering stablecoin-specific rules.

🔁 The UK’s bundling of stablecoins with crypto investments has puzzled industry players. In contrast, the US treats stablecoins as distinct payment tools — giving the market clearer direction.

🏦 Initial proposals by the Bank of England demanded systemic stablecoins be 100% backed by central bank money, a move seen as commercially unrealistic. Though softened, no viable alternative has been proposed yet.

🌍 Meanwhile:

🇭🇰 Hong Kong passed a stablecoin bill and is accelerating tokenization via Project Ensemble.

🇦🇪 UAE’s VARA offers a dedicated digital asset regulator — something the UK lacks.

⚠️ The report concludes that the UK, despite advantages like timezone and legal structure, risks losing its fintech edge without urgent reform.

💬 "Financial centers come and go. The UK must act swiftly."

Thankyou

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