Osborne: UK Dey Behind for Crypto Adoption, Dem Need Stablecoin Rule
Former UK Chancellor George Osborne dey warn say UK fit fall behind for worldwide crypto adoption. He beg Chancellor Rachel Reeves and Bank of England Governor Andrew Bailey make dem quick regulate stablecoin. Osborne tok say delay dey stop retail investors from accessing crypto derivatives, exchange-traded notes and ETFs, things wey don dey for US and EU. E compare dis time to 1980s financial Big Bang and call make dem put law fast to keep UK competitive. Coinbase CEO Brian Armstrong agree say UK still dey treat crypto like gambling. Reeves promise to make UK a top hub for crypto innovation but Osborne talk say action gats happen. Without clear stablecoin rules, crypto firms and investors fit move go other countries. Osborne talk say dem need learn from the sharp progress wey US, EU, Hong Kong and Abu Dhabi don make to catch up for crypto adoption.
Bullish
Calls to speed up stablecoin regulation and open crypto product access to more retail people show say dem dey push for clear regulations. Similar moves for US and EU don make institutional money enter and send out new products, wey dey make people get confident. Osborne pressure for UK government show say policy get momentum wey fit open new investment waya. For short time, wahala fit still dey as dem dey prepare frameworks. But if UK follow through—like MiCA for EU or US Bitcoin ETFs—the long-term outlook go good. Clear rules on stablecoins, ETNs and ETFs dey usually increase liquidity, encourage new ideas and attract global money, supporting better market trend for crypto.