{"id":86194,"date":"2025-08-04T12:29:49","date_gmt":"2025-08-04T12:29:49","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=86194"},"modified":"2025-08-04T12:29:49","modified_gmt":"2025-08-04T12:29:49","slug":"uk-may-be-missing-out-on-another-crypto-wave-warns-former-chancellor-george-osborne","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=86194","title":{"rendered":"UK May Be Missing Out On Another Crypto Wave, Warns Former Chancellor George Osborne"},"content":{"rendered":"

In a warning to the UK government, former Finance Minister George Osborne said that Britain may be \u201cleft behind\u201d in the global crypto race.\u00a0<\/span>According to a<\/span> Financial Times report<\/span><\/a> published on 4 August 2025, Osborne said, \u201cBritain missed the first crypto wave. We can\u2019t miss the second.\u201d<\/span><\/p>\n

\u201cWe became the world\u2019s financial center because we weren\u2019t afraid of change,\u201d said Osborne. \u201cOn crypto and stablecoins, as on too many other things, the hard truth is this: we\u2019re being completely left behind. It\u2019s time to catch up.\u201d<\/span><\/p>\n

Osborne drew parallels to the transformative \u201cBig Bank\u201d of the 1980\u2019s. He urged for immediate and decisive action to prevent the UK from missing out on what he terms \u201ca historic opportunity in financial innovation.\u201d<\/span><\/p>\n

In case you hadn’t noticed \u2013 the world is moving forward on crypto and digital assets, (esp among banks & financial institutions.)<\/p>\n

Britain (sadly) isn’t keeping up.<\/p>\n

Former UK Chancellor @George_Osborne<\/a> is right\u2026<\/p>\n

\u2026it’s time to kick into high gear.<\/p>\n

Besides \u2013 if Osborne had\u2026 pic.twitter.com\/Wu3w18P4aQ<\/a><\/p>\n

\u2014 Ian Simpson (@ian_simpson80) August 4, 2025<\/a><\/p>\n\n

DISCOVER:\u00a0<\/span>20+ Next Crypto to Explode in 2025\u00a0<\/span><\/a><\/strong><\/p>\n

Osborne Serves On Global Advisory Council For Crypto Exchange Coinbase<\/strong><\/h2>\n

Notably, the former Finance Minister serves on the Global Advisory Council for Coinbase. He called Labour Party\u2019s approach to digital assets \u201coverly cautious\u201d and sluggish. Furthermore, he argues that the regulatory inaction and bureaucratic delays are causing the UK to fall dangerously behind US, the European Union (EU) and Asian countries like Singapore, Hong Kong, Abu Dhabi.\u00a0<\/span><\/p>\n

On 4 August 2025, a Coinbase advertisement \u2013 a satire on the financial system- got banned. The UK ban was initiated by the TV Networks. Coinbase CEO Brian Armstrong took to X to say that \u201cthere are people in the UK who still think of crypto as some kind of gambling product (a very outdated view), and have completely missed the potential of crypto which is to update and improve the financial system for the benefit of everyone.\u201d<\/p>\n

Our ad which got banned in the UK by the TV networks has sparked quite a reaction. If you can\u2019t say it, then there must be a kernel of truth in it.<\/p>\n

Needing to update the system and improve society is not a political statement on either party in the UK (some have tried to turn it\u2026 https:\/\/t.co\/VJqyYnnI2W<\/a><\/p>\n

\u2014 Brian Armstrong (@brian_armstrong) August 3, 2025<\/a><\/p>\n\n

Coinbase CEO has not only challenged the ban, but insisted that the company will continue to make similar statements. Armstrong\u2019s post received both criticism and support, with people pointing out that \u201cnothing better than getting banned to go viral.\u201d<\/p>\n

Nothing better than getting banned to go viral <\/p>\n

The message about UK falling behind is painfully accurate \u2013 we’re not even in the conversation for major settlements anymore.<\/p>\n

How’s the response been so far? <\/p>\n

Well played <\/p>\n

\u2014 Liz Towler (@LizTowler) August 4, 2025<\/a><\/p>\n\n

Read More: UK Minister Calls For Ban On Political Donations Made In Crypto: Says \u201cFunding Of Democracy Is Controversial Area\u201d <\/a><\/strong><\/p>\n

Meanwhile, UK Minister Calls For Ban On Political Donations Made In Crypto<\/h2>\n

UK Cabinet Office minister Pat McFadden recently questioned political donations made in crypto. According to\u00a0a Guardian report<\/a>\u00a0published on 18 July 2025, McFadden, a close ally of UK Prime Minister Keir Starmer said, \u201cThe funding of democracy is often a controversial area but I think that it\u2019s very important that we know who is providing the donation, are they properly registered, what are the bona fides of that donation.\u201d<\/p>\n

The UK has been introducing back-to-back crypto reforms through HM Revenue and Customs (HMRC). The government has introduced another sweeping regulatory move driven by the adoption of the Organisation for Economic Co-operation and Development\u2019s (OECD) Cryptoasset Reporting Framework (CARF). Starting 1 January 2026, all crypto firms will have to collect and disclose detailed user and transaction data.<\/p>\n

The Financial Conduct Authority (FCA) has also proposed a rule that would stop retail investors from purchasing cryptocurrencies using borrowed funds that includes credit cards, personal loans, and even loans from crypto-specific lenders. However, some crypto users worry that the UK ban will discourage innovation and limit market access.<\/p>\n

DISCOVER:\u00a09+ Best High-Risk, High-Reward Crypto to Buy in August 2025<\/a><\/strong><\/p>\n

<\/span><\/p>\n

\n

Key Takeaways<\/h2>\n


\n <\/span><\/p>\n


\n According to George Osborne, Britain risks not only missing out on the immense economic benefits of the digital asset revolution\u2014including jobs, investment, and tax revenues\u2014but also undermining its overall competitiveness in the global financial services sector.\u00a0<\/span><\/p>\n


\n <\/span><\/p>\n


\n At the heart of Osborne\u2019s argument is the belief that the current shift towards digital finance represents a pivotal moment, similar to the deregulation of London\u2019s financial markets in the 1980s.\u00a0<\/span><\/p>\n


\n <\/span><\/p>\n


\n <\/span><\/p>\n

<\/span><\/p>\n<\/div>\n

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\u00a0<\/p>\n

The post UK May Be Missing Out On Another Crypto Wave, Warns Former Chancellor George Osborne<\/a> appeared first on 99Bitcoins<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

In a warning to the UK government, former Finance Minister George Osborne said that Britain may be \u201cleft behind\u201d in the global crypto race.\u00a0According to a Financial Times report published on 4 August 2025, Osborne said, \u201cBritain missed the first crypto wave. We can\u2019t miss the second.\u201d \u201cWe became the world\u2019s financial center because we […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-86194","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/86194"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=86194"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/86194\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=86194"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=86194"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=86194"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}