Crypto

UK Struggles to Keep Pace with Global Crypto Ambitions, Warns Agant CEO

Regulatory delays could hinder UK's digital asset growth as expressed by Andrew MacKenzie, CEO of a pound-pegged stablecoin developer.

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UK Struggles to Keep Pace with Global Crypto Ambitions, Warns Agant CEO

Andrew MacKenzie, the CEO of a pound-pegged stablecoin developer, Agant, has raised concerns about the sluggish regulatory framework in the UK, stating that it may impede the country's aspirations to become a global hub for cryptocurrencies.

MacKenzie emphasized that the delays in implementing crypto rules could dampen Britain's efforts to foster innovation and attract investment in the rapidly evolving digital asset space.

Despite the growing interest in cryptocurrencies and blockchain technology, MacKenzie cautioned that without a more agile regulatory environment, the UK may struggle to keep pace with other leading jurisdictions in the global crypto ecosystem.


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