The UK’s unclear stance on crypto regulation is causing it to lose its early advantage, with experts stating that policy procrastination is detrimental compared to the swift actions taken by both the EU and the US.
While the EU’s MiCA framework is already enforceable and the US has passed the Genius Act, the UK remains without a definitive roadmap or timeline for implementing its regulatory framework.
The UK’s classification of stablecoins as investment assets rather than distinct payment tools has baffled market participants, further complicating the regulatory landscape in the crypto market.
Leave a Reply