Saving the Golden Goose: how the UK's Crypto Rules Narrowly Avoid America's Securitarian Trap

The UK currently stands at the forefront of competition for cryptocurrency and digital asset investment- and it is already the world’s third largest digital asset economy.Britain’s success is due to our more permissive regulatory regime, compared with our international peers, most notably the US. Although concerns were raised that the October 2023 reforms by the Financial Conduct Authority (FCA) have made the UK more restrictive, these measures concentrated on countering fraud. The UK has a good balance between consumer protection and support for business growth and development.