A coalition of trade organizations calls for strategic government action to position the UK as a global leader in blockchain and digital assets
Highlights:
- Trade bodies advocate for appointing a blockchain special envoy and creating a government action plan to attract investment and promote blockchain adoption.
- Recommendations include forming a high-level forum for collaboration between industry, government, and regulators.
- The UK’s talent pool, access to capital, and academic strength are cited as key advantages for becoming a blockchain hub.
Summarized Story: A coalition of UK and global trade organizations has written to the Prime Minister, urging the government to prioritize blockchain and digital asset technologies. The letter emphasizes the economic and societal benefits of these innovations and recommends appointing a blockchain special envoy, developing a government action plan, and fostering collaboration through a dedicated forum.
The trade bodies highlight the UK’s unique strengths, such as its talent pool and regulatory approach, as critical to establishing the nation as a global leader in blockchain and crypto technologies. Failure to act could see other jurisdictions like the US and Singapore take the lead.
