Mars Finance News: Six digital economy and trade institutions in the UK recently wrote to Prime Minister's special advisor Varun Chandra, calling for 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 noted that the United States established a crypto affairs director under the Trump administration and increased investment in crypto policy, suggesting that the UK could seize global competitive opportunities through its tech cooperation economic and trade agreement with the US, establishing a leading position in digital assets and financial technology. Additionally, the letter recommended establishing a high-level government-industry-academia coordination mechanism, creating dedicated guidance services to attract potential enterprises, and emphasizing the government should focus on 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 potentially bring up to 1.39 trillion pounds in global GDP growth. 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 locations like Dubai and Singapore. Now is a critical moment for FCA action to avoid missing long-term development opportunities from digital assets. (Cointelegraph)
UK trade bodies urge government to make crypto a ‘strategic priority’
This article is machine translated
Show original
Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Share
Relevant content