Former UK Finance Minister George Osborne has warned that Britain is failing to keep pace with the rapidly evolving cryptocurrency landscape. In a recent Financial Times article, Osborne likened the current crypto innovation wave to the transformative "Big Bang" reforms of the 1980s. He criticized the Bank of England's Governor, Andrew Bailey, and the current Finance Minister, Rachel Reeves, for placing the UK in the "slow lane" regarding cryptocurrency and stablecoin policies. Osborne urged Minister Reeves to take immediate action by establishing a clear, law-based policy framework, similar to that being developed in the US Congress. While the UK Treasury has expressed intentions to "promote" stablecoins, Osborne argues that there is a lack of concrete action and that the Bank of England remains skeptical about private commercial banks issuing stablecoins. This hesitancy, he believes, is hindering the UK's potential to capitalize on the economic opportunities presented by the digital asset revolution. ```