Osborne talk say UK stablecoin rules fit make dem lose their lead for digital finance

Former Chancellor George Osborne dey yan say di UK cautious stablecoin regulation dey threaten London position as one big global digital finance hub. For one FT op-ed, e sabi say Chancellor Rachel Reeves and Bank of England Governor Andrew Bailey dey delay things with bureaucracy and their law dem no clear. E talk say dem need take sharp actions like Big Bang reforms wey happen for 1980s, make dem get one crypto task force and quick stablecoin law. Meanwhile, HM Treasury under Reeves dey work on stablecoin framework, digital pound research, and DLT sandboxes to promote new things. Bank of England dey insist on strict money test and full central bank backing for commercial stablecoins, wey dey limit how dem fit issue. As global stablecoin market don pass $250 billion and UK no too dey involved, clear stablecoin regulation for UK go important for next 1–2 years to maintain Britain digital asset leadership.