The UK's Bold Leap 🚀 The UK is setting its sights on becoming a global #crypto leader by 2025. With the All Party Parliamentary Group's latest report, the stage is set for transformative regulation in the digital asset space. Here's what's unfolding: 1️⃣ Regulatory Roadmap: A call for comprehensive crypto regulation within 12-18 months. 2️⃣ Crypto Units: The push for specialized teams at regulatory bodies like the FCA. 3️⃣ Crypto Tsar: A proposal for a dedicated overseer to guide the UK's crypto journey. 4️⃣ Consumer Protection: A focus on safeguarding users amidst the crypto boom. 5️⃣ Global Hub Vision: An ambitious plan to position the UK at the forefront of the crypto industry. As the EU advances with its crypto regulations, the UK isn't far behind. It's a pivotal moment for policymakers and market participants alike. 🔍 Discover more about the intersection of policy and innovation in the blockchain world with Semoto. #CryptoRegulation #DigitalAssets #UKFintech #Blockchain
One detail that makes me hopeful (and appreciate that this may be just luck) is that whenever I encounter the civil servants driving the UK regulation, they honestly want to learn and want to help to set out sensible guardrails for driving the innovation. I think this is super key especially given the election year.
These idiots at the APC are not even useful.
I'll keep this in mind
I do like the name Crypto Tsar
CEO @ ICONOMI | FinTech, Management, Strategy, ICA Membership
7moMarco Morazzoni hope this is not just another ‘ambituos plan’ as we’ve already witnessed in the past