ChainCatcher reported that according to The Block, according to the analysis of deVere Group CEO Nigel Green, if the British Labour Party wins the general election, it may have a significant impact on the crypto industry, especially in the tokenization of real-world assets (RWA) and the development of central bank digital currency (CBDC) technology. Although Labour leader Keir Starmer's position on cryptocurrencies is unclear, his shadow finance minister Rachel Reeves and shadow city minister Tulip Siddiq have expressed support for transforming the UK into a global tokenized asset center.
Green stressed that establishing a clear regulatory framework is the cornerstone of making the UK a global crypto hub, which will provide a clear and secure environment for businesses and investors. If the Labour government can work closely with industry leaders and stakeholders to balance innovation with the security of the financial system, it will make the UK an attractive destination for crypto companies. In addition, Stand With Crypto UK, an advocacy organization associated with Coinbase, also put forward seven crypto policy recommendations aimed at promoting the UK as a global Web3 and tokenization center, and called for legislation to regulate crypto assets as soon as possible.