A former FCA policymaker highlights regulatory inconsistencies delaying the UK’s goal of becoming a global crypto hub.
The UK’s ambition to become a leading crypto hub is being hindered by a disconnect between policy design and execution, according to a former Financial Conduct Authority official. Competing regulatory priorities and legacy frameworks are slowing progress, particularly for startups and retail-focused firms.
While the UK has moved swiftly on institutional and wholesale crypto initiatives, retail firms face lengthy authorization processes under existing rules. This contrasts with the EU’s dedicated MiCA framework, which provides clearer guidelines for the sector.
The former policymaker also noted that major financial institutions are increasingly integrating crypto, suggesting mainstream adoption rather than abandonment of digital assets.