Lawmakers in the UK are calling for urgent action on crypto regulation, as the EU passes landmark policy with its Markets in Crypto Assets (MiCA) regulation. The UK risks falling behind and missing out on innovation, jeopardizing its chance at becoming a global leader in the space. The All Party Parliamentary Group for Crypto and Digital Assets has released a report calling for a crypto legislative package to pass immediately, with a deadline of 2025 for crypto regulation in the UK and the appointment of a "crypto tsar" to coordinate efforts across regulatory groups. Financial Conduct Authority executive director of markets Sarah Pritchard has also emphasized the need for swift action, as the take-up of crypto continues to rise despite recent market chaos.
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UK Lawmakers Call for Urgent Crypto Regulation to Avoid Falling Behind EU
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