UK's Crypto Hub Ambitions Hit by Regulatory Delays The UK’s goal of becoming a global digital asset leader is at risk due to slow legislative progress, warns Andrew MacKenzie, CEO of Agant. While the British government has pledged to position London as a crypto center, comprehensive rules for stablecoins and digital assets aren't expected to be fully implemented until 2027.
MacKenzie, whose firm recently achieved FCA registration for the sterling-pegged GBPA token, argues that while the regulatory direction is correct, the pace is insufficient. Unlike retail-focused assets, the GBPA is designed as institutional infrastructure for payments and tokenized settlements.
As UK banks increasingly prioritize blockchain technology at the executive level, industry leaders believe faster regulatory clarity is essential to maintain a competitive edge and support the long-term transition of financial services. $BTC $ETH $SOL #CryptoRegulationBattle #UKCrypto #StablecoinSafety