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Lack of visibility on crypto, stablecoin regulation hampering growth, industry group says

( October 28, 2024, 15:00 GMT | Official Statement) -- MLex Summary: The lack of visibility on timings for a UK regulatory regime for cryptoassets and stablecoins is hampering innovation and growth, industry association CryptoUK has said. While the US is looking at implementing stablecoin regulation quickly, “the UK is still floundering and delayed,” the group said in a submission to the Bank of England. “We encourage the new government to progress it at pace. UK growth is losing out due to the multiple barriers to entry and growth in comparison to other jurisdictions.”Statement below....

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