Britannia’s Crypto Savior Needed ASAP! 🚀

by

Hark! A most grave petition, penned by the very creme de la creme of Britannia’s digital domain! These esteemed trade guilds, lamenting a certain sluggishness in the Crown’s embrace of blockchain and digital coin, do implore our lawmakers to rouse themselves from their slumber. ‘Tis a matter of utmost urgency, they proclaim, demanding a dedicated envoy and a plan of action most swift, lest our fair isle be left choking in the digital dust. 😩

Upon the thirty-first of March, no less than six such august bodies – the UK Cryptoasset Business Council, techUK, Global Digital Finance, The Payments Association, Digital Currencies Governance Group, and the Crypto Council for Innovation, a veritable who’s who of the digital age – did dispatch a missive to the Right Honourable Varun Chandra, special advisor to the Prime Minister himself! A man, no doubt, of impeccable taste and discernment. 🤔

Their plea? Naught but “greater strategic focus and alignment to deliver investment, growth and jobs” in this digital asset sector, that it may flourish like a prize-winning rose in our green and pleasant land.🌹

Citing “recent geopolitical events,” (ahem, like the whims of a certain flamboyant foreign leader 🤡) these groups do stress that a global digital race is now well underway! Singapore, the UAE, Hong Kong – all are rolling out strategies fit to ensnare blockchain businesses like moths to a flame. Beware, Britannia, lest we become but a footnote in this grand digital saga! 📜

Within their letter, these wise folk propose the appointment of a special envoy, a veritable “crypto czar,” not unlike that which exists across the pond, to coordinate policy, ignite innovation, and to serve as a global ambassador for the UK! Such a move, they argue, would signal a seriousness of intent to international investors, reassuring them that Britannia is not one to be trifled with in the realm of blockchain. 🧐

Furthermore, they implore the government to unleash a dedicated ‘Government Action Plan’ for blockchain and crypto. Imagine it! Identifying key growth areas, bestowing public sector support, and conjuring a concierge-style service to aid high-potential startups in their scaling endeavors upon our sceptered isle. A veritable digital Camelot! 🏰

Importantly, these digital luminaries emphasize the burgeoning synergy between blockchain, AI, and quantum computing. These technologies, when combined, promise to unlock advancements in transparency, productivity, and decentralization across all industries. A revolution, no less! 🤯

To support regulation that is both smart and sensible, the letter champions the creation of a high-level industry-government-regulator forum. A round table, if you will, where cross-sector collaboration, informed policymaking, and a forward-thinking approach to blockchain development may all converge. 🤝

Britannia, they remind us, boasts “deep pools of talent, access to capital, world-class academic institutions, and sophisticated regulators.” A fertile breeding ground indeed, where “blockchain innovation can thrive” and shower us with digital riches! 💰💰💰

Citing research from PwC and Chainalysis, these forward-thinking groups estimate that blockchain could enrich the country’s coffers by a staggering £57 billion over the next decade and contribute to £1.39 trillion to the global GDP by 2030. A sum that would make even the most miserly monarch smile! 😁

The letter concludes with a call for a meeting, a parley, if you will, to discuss these proposals. One hopes the Prime Minister’s advisor will heed their words and grant them an audience. For the future of Britannia’s digital standing hangs in the balance!⚖️

Read More

2025-04-02 09:34