UK Faces Criticism Over Delayed Digital Asset Regulations

According to Cointelegraph, the United Kingdom's ambiguous regulatory approach to digital assets is facing sharp criticism from industry participants. Many attribute the country's lag in defining digital finance to "policy procrastination," which has resulted in the UK falling behind both the European Union and the United States. In a blog post dated June 20, John Orchard, chairman, and Lewis McLellan, editor of the Digital Monetary Institute at the Official Monetary and Financial Institutions Forum (OMFIF), highlighted that the UK has squandered its early advantage in distributed ledger finance. The post, titled "The UK keeps missing the boat on DLT finance," pointed out that the UK was once anticipated to establish a post-Brexit gold standard for crypto regulation but continues to discuss regulation in vague terms for the future source: https://www.binance.com/en/square/post/25916117910753?utm_source=BinanceNewsRSS