Ex-Chancellor Osborne Sounds Alarm: UK ’Totally Left in the Dust’ on Crypto Revolution
Britain's finance old guard just got a brutal wake-up call—from one of their own.
George Osborne, the former UK Chancellor, dropped a truth bomb this week: The country's regulatory foot-dragging has turned it into a blockchain backwater while rivals sprint ahead.
The regulatory laggard effect
While Singapore greenlights institutional crypto ETFs and Dubai builds Web3 free zones, London's still debating whether digital assets are 'a scam' or merely 'very risky.' Classic City of London—always a decade behind the next big thing.
What they're missing
Every day of delay means more fintech startups incorporating in Zug instead of Shoreditch. More quant talent heading to Hong Kong. More pension funds buying Bitcoin—through New York brokers.
Osborne's warning comes as UK trading volumes slump to 3-year lows. But hey, at least the Financial Conduct Authority's 'crypto education' PowerPoints are coming along nicely.
The irony? The same politicians who worship London's 'global financial hub' status are letting it become a relic—one sluggish consultation paper at a time.
