Crypto Regulation Delay Fit Jeopardize Britain Digital Asset Lead
Ex UK Chancellor George Osborne don warn say UK current crypto regulation dey slow compared to other countries for the world. For one Financial Times op-ed, e talk say Chancellor Rachel Reeves and Bank of England Governor Andrew Bailey no dey move quick, and say dem no get clear law framework especially for stablecoins. Osborne talk say na big chance dem miss like the 1980s ‘Big Bang’ reform and warn say talent and money fit waka go countries wey dey more progressive. E suggest make dem set up special task force, make stablecoin law quick, and follow phased, adaptive regulation like US, EU, Singapore and Abu Dhabi. Osborne talk say government, regulators and industry must work together steady steady to balance innovation with consumer protection. If dem no quick action for crypto regulation, UK fit lose im advantage for digital asset market.
Bearish
Di get clear crypto regulation and stablecoin framework dey weak trader confidence and fit make talent plus capital shift go more progressive places, e go dey put pressure down on UK-centric digital assets short term. Even though dem propose reforms wey fit help recover, uncertainty still dey until dem pass law, make immediate market outlook bearish.