The UK’s Crypto Fiasco: Are They Really Falling Behind?

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Ah, the United Kingdom, a place once known for its financial prowess. But now, according to former Chancellor George Osborne, it risks becoming a bystander in the ongoing crypto revolution. Will they manage to hop on the digital wave, or will they continue watching from the shore like a deer in headlights? Time will tell! 🦌

It’s Not That Convincing)

Rachel Reeves, the acting Chancellor, claimed that she wanted to make Britain “the best place in the world to innovate.” Sure, Rachel, keep dreaming. The Treasury is reportedly working hard on putting “robust rules” around crypto to encourage investor confidence. Yeah, let’s hope they don’t miss the boat while they’re at it.

But wait, there’s more! The government also announced they were working on a tech partnership with the U.S. in an ongoing trade deal. One ally even said, “We’re doing quite a lot in this space.” And what space would that be, exactly? 🧐

The U.K’s Controversial Ban on Coinbase Ads

Ah, and then there’s the whole debacle with Coinbase. After stepping down as Chancellor, Osborne became a member of the global advisory council for U.S.-based crypto exchange Coinbase. His comments came after a public outcry following the banning of Coinbase’s latest ad by U.K. TV networks. How very old-fashioned of them, eh?

Coinbase CEO Brian Armstrong didn’t hold back, calling out the outdated views on crypto in the U.K. “Some people still think crypto is like gambling – a very outdated view,” he said. Well, Brian, it seems the U.K. needs a bit of an education. Perhaps a crash course on the future of finance? 🎓

But here’s the kicker: Armstrong welcomed the backlash. “We welcome the attacks and any attempts to censor this message, as it just helps it spread,” he boldly declared. Oh, Brian, you cheeky thing. 😏

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2025-08-04 10:31