BREAKING NEWS: 🚨UK Risks Falling Behind US, EU, and Asia in Crypto Innovation, Critic Says

George Osborne, the former UK Chancellor of the Exchequer, has sharply criticized the British government's cautious approach to the cryptocurrency industry. According to him, this conservative stance could hinder financial innovation and put the UK at risk of falling behind the United States, the European Union, and Asia.

In his statement, Osborne, who is now a member of the Coinbase Global Advisory Council, stressed the importance of a supportive legal framework to ensure the UK remains globally competitive. He drew a parallel between the current situation and the "Big Bang" financial reforms of the Margaret Thatcher era in the 1980s, urging the UK to take swift action.

Osborne warned that without quick steps, the UK could lose its position as a global financial hub.

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