đš **Crypto Reality Check for the UK! đŹđ§**
George Osborne, the UKâs former Chancellor and now a Coinbase advisor, is sending a blunt message:
Britain is falling behind in the global crypto raceâoutpaced by the US, EU, Singapore, Hong Kong, and Abu Dhabi. Without urgent action, he warns, the UK risks becoming irrelevant in the trillion-dollar digital asset revolution. He wants Chancellor Rachel Reeves to swiftly enact clear rules on crypto and stablecoinsâbefore the opportunity slips away.
> *"On crypto and stablecoins, as on too many other things, the hard truth is this: weâre being completely left behind. Itâs time to catch up."*
đŁïž In Osborne's view:
Deliberating is losing. Action is imperative. The UK can either lead in crypto regulationâor cede the future to faster, friendlier jurisdictions.
đ§ Quick take:
âïž Issue đ ïž Osborneâs Take đ Why It Matters
Regulatory lag UK lacks a unified crypto/stablecoin legal framework Other nations are already innovating and attracting investment
Institutional inertia Regulators and Treasury are too cautious Risk of losing fintech leadership and investment inflows
Call to action Reeves must follow US Congress-style lawmaking Clear legislation sends global message: "Crypto-friendly Britain"
âš Bottom Line: Osborne isnât talking about quick wins or token hype.
Heâs calling for bold structural changeâa moment akin to the âBig Bangâ of financial services to restore the UKâs edge. The warning is clear: move fastâor be left in the crypto dust.
âŒïž Your turn:
Britain must act now to avoid falling behindâtime to lead, not just follow. đĄïž