• UK crypto rules too slow to support global hub ambitions, says Agant CEO Regulatory delays risk blunting Britain’s digital asset push, said Andrew MacKenzie, head of the pound-pegged stablecoin developer. • What to know: Andrew MacKenzie, CEO of sterling stablecoin developer Agant, says the U.K.’s slow rollout of crypto and stablecoin rules undermines its ambition to be a global digital asset hub. • Agant’s FCA registration marks a regulatory milestone and positions its planned GBPA token as institutional infrastructure for payments, settlement and tokenized assets rather than a retail product. • MacKenzie said well-designed stablecoins can extend monetary sovereignty and spur competition in financial services. • banks are elevating blockchain to a C-suite priority amid what they see as a decades-long transition. • The U.K.’s crypto regulatory framework is moving in the right direction, but not fast enough to support the country’s ambitions of becoming a global digital asset hub, Andrew MacKenzie, CEO of sterling stablecoin developer Agant, told CoinDesk.
Article Summaries:
- UK crypto rules too slow to support global hub ambitions, says Agant CEO Regulatory delays risk blunting Britain’s digital asset push, said Andrew MacKenzie, head of the pound-pegged stablecoin developer. What to know: - Andrew MacKenzie, CEO of sterling stablecoin developer Agant, says the U.K.’s slow rollout of crypto and stablecoin rules undermines its ambition to be a global digital asset hub. - Agant’s FCA registration marks a regulatory milestone and positions its planned GBPA token as institutional infrastructure for payments, settlement and tokenized assets rather than a retail product
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