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UK Risks Losing Crypto Startups to More Progressive Markets Amid Regulatory Uncertainty
UK Risks Losing Crypto Startups to More Progressive Markets Amid Regulatory Uncertainty
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The UK’s position as a fintech leader is under threat as crypto startups increasingly favor jurisdictions with clearer regulations. Industry executives cite the Financial Conduct Authority’s restrictive approach as a key barrier to innovation.
Zopa CEO Jaidev Janardana notes Singapore and Hong Kong have emerged as more attractive destinations, though maintains the UK retains advantages in certain regulatory areas like emissions frameworks.
This regulatory ambiguity comes despite London hosting numerous global fintech leaders, with the crypto sector particularly affected by the lack of definitive guidelines.
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