U.K. Has Botched Crypto, Minister-Turned-Adviser Says (Correct)

The U.K. has less than 12 months to regain its footing on crypto or face a loss of talent and even its status as a global financial-services leader, the country’s former Chancellor of the Exchequer Philip Hammond warned.

It’s “frankly quite shocking” that Britain has fallen behind other finance hubs such as the European Union in setting clear regulation on the burgeoning crypto industry, Hammond said in an interview. “This is not the natural order of things,” said the former politician, who stepped down in 2019 and is now a senior adviser to Copper.co, a London-based crypto custodian and trading ...