Several British trade and economic organizations have urged the government to list the crypto industry as a "strategic priority"

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MarsBit
3 days ago
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Mars Finance News, on April 2nd, according to Cointelegraph, six digital economy trade agencies in the UK recently wrote to Prime Minister's special advisor Varun Chandra, calling on the government to appoint a dedicated blockchain and crypto assets special envoy and develop a specific action plan to promote industry investment, growth, and employment. The alliance pointed out that the United States has established a crypto affairs director under the Trump administration and increased investment in crypto policy, suggesting that the UK can seize global competitive opportunities through the tech cooperation trade agreement with the US and establish a leading position in digital assets and financial technology. Additionally, the letter recommended that the government should pay attention to the synergistic potential between blockchain, quantum computing, and artificial intelligence technologies. The alliance believes that crypto and blockchain technologies could contribute 57 billion pounds to the UK economy in the next decade and bring up to 1.39 trillion pounds of growth to global GDP. BitCompli co-founder Tom Griffiths stated on LinkedIn that although the UK Financial Conduct Authority (FCA) has talent and planning, the UK is falling behind places like Dubai and Singapore. Now is a critical moment for the FCA to act to avoid missing long-term development opportunities brought by digital assets.

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