Too many cooks: How regulatory infighting is choking the UK's crypto hub ambitions
The UK's ambitions to become a leading global digital asset hub are hindered by regulatory infighting and political inertia. Industry insiders express frustration over the slow pace of regulatory developments, which are causing firms to relocate to jurisdictions with clearer rules. Critics warn that this fragmented approach could cost the UK significant investment and influence in the evolving financial landscape.
- ▪Political inertia and overlapping mandates among HM Treasury, the Bank of England, and the Financial Conduct Authority are stalling the UK's crypto ambitions.
- ▪The fragmented approach to regulations is driving firms to relocate, resulting in lost investment and tax revenue for Britain.
- ▪Industry figures argue that the slow implementation of a unified crypto framework risks further dollarization of digital asset markets.
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| Original publisher | CoinDesk |
| Canonical URL | https://www.coindesk.com/policy/2026/05/20/political-blockers-frustrate-fca-s-efforts-u-k-s-global-hub-ambitions-expert-says |
| Publication time | Wed, 20 May 2026 11:31:08 +0000 |
| Retrieval time | 2026-05-20T11:35:02.440Z |
| Last seen | 2026-05-20T11:35:06.228Z |
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PolicyShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailToo many cooks: How regulatory infighting is choking the UK's crypto hub ambitionsWhile the FCA opens its doors to market pilots, structural delays and legislative friction are fueling industry frustration over a framework trailing behind the U.S. and Europe.By Olivier Acuna|Edited by Jamie Crawley May 20, 2026, 11:31 a.m. 3 min readMake preferred on What to know: Industry figures warn that political inertia and overlapping mandates among HM Treasury, the Bank of England and the Financial Conduct Authority are stalling the U.K.’s bid to become a leading global digital asset hub.Critics say the fragmented approach to stablecoins, a potential digital pound and tokenized deposits is driving firms to relocate to…
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