UK criticized for lagging behind EU and US in crypto regulation, risks losing fintech lead

From Cointelegraph

June 21, 2025 8:21 AM:

The UK’s digital asset regulatory uncertainty draws criticism for falling behind the EU and US in defining digital finance. The UK lacks a clear timeline for its Financial Conduct Authority’s ‘Crypto Roadmap,’ unlike the EU’s MiCA framework and US’s GENIUS Act for stablecoins. UK’s approach to stablecoins is questioned as it lags in adapting to onchain finance.

Other jurisdictions like Hong Kong and the UAE are advancing in crypto regulations, with Hong Kong passing a stablecoin bill and UAE establishing a Virtual Assets Regulatory Authority. The UK’s delayed response to digital asset regulation risks losing its fintech innovation lead from the 2010s, urging swift action from regulators to maintain its position.

Read more at Cointelegraph: UK Trails EU, US in Crypto Regulation, Think Tank Warns