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George Osborne Is Right – Britain Can’t Afford to Ignore the New Cryptocurrencies

UNITED KINGDOM, AUG 4 – George Osborne warns UK’s regulatory delays risk losing stablecoin innovation and investment to faster-moving global competitors, with 12% of UK adults holding crypto, Financial Conduct Authority data shows.

  • Writing in an FT opinion piece, Osborne warned on August 4, 2025, that the UK had `allowed ourselves to be left behind` as global peers advance in crypto regulation.
  • Amid cautious regulation, FCA data shows 12% of UK adults hold crypto, while the FCA's 2023 regime pulled referral bonuses and restricted advertising.
  • These jurisdictions have launched spot Bitcoin ETFs and stablecoin regulations while Britain debates its crypto regime, as the United States, Singapore, Hong Kong, Abu Dhabi and China move ahead.
  • Amid renewed tensions, UK broadcasters pulled Coinbase's ‘Everything Is Fine’ ad last week, and Coinbase CEO Brian Armstrong publicly challenged the decision on Sunday.
  • Osborne warned, `'if the UK keeps dragging its feet on stablecoins, it risks becoming irrelevant as builders head to the EU, U.S., or Dubai.
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crypto.news broke the news in on Monday, August 4, 2025.
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