According to DLNews, Gillian Lynch, head of Gemini for Europe and Ireland, stated that the introduction of a cryptocurrency regulatory framework by the new Labour government in the UK may be delayed by 12 to 18 months. However, this delay could have a positive impact on the UK, as the EU has begun implementing the most comprehensive global regulatory framework for crypto assets, which will provide the UK with a valuable observation period to help develop a more robust regulatory system. Additionally, Gemini's latest survey shows that nearly 40% of respondents who do not hold cryptocurrencies indicated that regulatory issues are their main concern for not entering the market. Although the UK Financial Conduct Authority has started tightening marketing rules for crypto companies, Lynch believes that strict compliance is a necessary cost for gaining user trust.