UK Prepares to Become a Global Crypto Hub — What’s Next?
Jakarta, Pintu News – In an effort to strengthen the UK’s position as a global crypto hub, Coinbase CEO, Brian Armstrong, has held a series of meetings with top officials in the UK.
The move comes as the UK prepares to implement new cryptocurrency regulations, which are expected to attract more crypto industry players.
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Strategic Meeting in London
Brian Armstrong, CEO of Coinbase, recently held a meeting with policymakers in London. This meeting comes at a critical time, where the UK is setting up a comprehensive digital asset regulatory framework.
Armstrong emphasized the importance of the UK accelerating the regulatory process to avoid falling behind other countries that are also active in crypto innovation. Coinbase, as one of the largest crypto exchanges, sees the UK as a strategic market due to its openness to crypto innovation.
Armstrong’s presence in the UK signifies Coinbase’s commitment to supporting the development of the crypto ecosystem in the country.
Read also: Hot Debate: Are Bitcoin Miners Really Mainstream Sellers?
UK Crypto Regulation: A Step Toward Transparency
The UK government has released draft legislation that aims to regulate cryptocurrencies across the board with a full target of 2026.
The legislation is designed to align with the Organization for Economic Co-operation and Development’s (OECD) Crypto Asset Reporting Framework, which emphasizes tax transparency and close scrutiny of digital asset activity.
Tom Duff Gordon, Vice President of International Policy at Coinbase, plays an important role in guiding crypto policy in the UK. With a background that connects traditional finance and the Web3, Gordon has been a key figure in shaping the country’s regulatory posture.
Also read: Luxxfolio Holdings Chooses Litecoin as its Main Financial Asset, What’s the Reason?
Industry Response and Existing Challenges
Despite the high optimism, a survey involving 150 crypto and finance professionals showed that only 15% believe the UK is on the right track. However, 50% of the respondents see the potential for the UK to become a global crypto hub, and only 9% of the companies surveyed stated that they are fully prepared for the upcoming regime.
The UK Financial Conduct Authority (FCA) is also refining the rules around stablecoins and crypto storage. The FCA recently proposed lifting the ban on the sale of crypto exchange-traded notes to retailers, signaling a more mature approach to crypto policy.
Conclusion
With regulations in place and a strategic position, the UK has the opportunity to lead the way in digital assets. However, challenges such as slow licensing processes and funding barriers still need to be overcome to ensure that UK-based startups do not move to more favorable environments such as the European Union, Singapore, or the United States.
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Reference
- BeInCrypto. Brian Armstrong: Crypto Regulation in the UK. Accessed on June 18, 2025
- Featured Image: Generated by Ai
