The United Kingdom competes with the US to become the global crypto hub
The United Kingdom is actively competing with the US to establish a global hub for the cryptocurrency industry. With a commitment to transform the country into a "global center" for cryptocurrency, the UK government has announced plans to develop a comprehensive legal framework for the sector, expected to officially launch in 2026. At the same time, the UK is looking to attract cryptocurrency companies, including adjusting regulations for stablecoins, NFTs, and activities such as staking and lending.
To enhance competitiveness, the UK has also begun experimenting with blockchain technology in traditional financial activities such as trading and payments. This clearly demonstrates efforts to reform and modernize the national financial infrastructure, aiming not only to maintain competitive status but also to attract global investment.
In light of the significant transformation in the crypto market, maintaining flexibility and openness to this industry is crucial, especially as policies in the US under President Trump tend to encourage growth in the cryptocurrency sector.