The UK aspires to be a global crypto hub but lags rivals in regulatory clarity - even as the UK and US talk of closer crypto corporation with a focus on stablecoins. With the US’s GENIUS Act, the EU’s MiCA and Asia’s frameworks advancing, London risks losing ground and, although public fears of “programmable money” persist, evidence remains thin. Financial Conduct Authority (FCA) and Bank of England (BoE) consultations show caution, but delay risks dollarisation, innovation flight and diminished sterling influence. A key question arises: will Britain seize leadership in digital money or watch from the sidelines?
The need for stablecoins in the UK
The UK aspires to be a global crypto hub but lags rivals in regulatory clarity - even as the UK and US talk of closer crypto corporation with a focus on stablecoins. With the US’s GENIUS Act, the EU’s MiCA and Asia’s frameworks advancing, London risks losing ground and, although public fears of “programmable money” persist, evidence remains thin. Financial Conduct Authority (FCA) and Bank of England (BoE) consultations show caution, but delay risks dollarisation, innovation flight and diminished sterling influence. A key question arises: will Britain seize leadership in digital money or watch from the sidelines?