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In a warning to the UK government, former Finance Minister George Osborne said that Britain could be “left behind” in the global crypto race. according to a Financial time report Published on 4 August 2025, Osborne said, “Britain first missed Crypto.
“We create a financial center of the world because we were not afraid of change,” said Osborne. “On Crypto and Stabecrim, as many other things, the difficult truth is this: we are completely lagging behind.
Osborne attracted similarities for the 1980s transformative “Big Bank”. He said what is “a history opportunity in financial innovation” to prevent Britain from disappearing for immediate and decisive action.
If you had no noise – the world is moving on crypto and digital assets, (ESP between banks and financial institutions).
Britain is not keeping it (sad).
Former UK Chancellor @George_osborne Correct …
… It is time to kick in high gear.
Also – if there was osborne … pic.twitter.com/wu3w18p4AQ
– Ian Simpson (@IAN_SIMPSON80) August 4, 2025
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Osborne Crypto works at the Global Advisory Council for the Exchange Coinbase
No, former Finance Minister Services on the Global Advisory Council for Coinbase. He called the labor party “highly cautious” and dull for digital assets. Furthermore, he argues that Britain is causing a dangerous fall behind us due to regulatory inactivity and bureaucracy, the European Union (EU) and Asian countries such as Singapore, Hong Kong, Abu Dhabi.
On 4 August 2025, a coinbase advertisement- a satirical restricted on the financial system-got. The UK ban was interested in the TV network. Coinbase CEO Brian Armstrong took X to say that “there are people in the UK who still think of Crypto as some kind of gaming. Crypto which is updated and improves the financial system for everyone’s benefits.”
Our advertisements banned by the TV network in the UK have reacted considerably. If you can be;
The system needs to be updated and the Impro -Cosity is not a political statement on the Ithiom party in the UK (some have tried to turn it on … https://t.co/vjqynni2W
– Brian Armstrong (@brian_armstrong) August 3, 2025
The CEO of the Coinbase has not only challenged the ban, but also said that the company will continue Simila’s stay. Armstrong’s post got both criticism and support, stating that “it is not better than being banned to go viral.”
Nothing better than being banned to go viral
The message about falling behind Britain is painfully accurately accurate – we are no longer in conversation for major settlements.
How has the response happened so far?
very nice
– Liz Tavler (@Liztowler) August 4, 2025
Read more: UK ministers say to ban the political donation made in Crypto: “Financing to democracy”
Meanwhile, the UK minister called for a ban on political donations made in crypto
The UK Cabinet Office Minister Pat McFaden recently questioned the political donation made in the crypto. For a Guardian report published on 18 July 2025, McFaden, close to the Prime Minister of the UK, said, “The funding of democracy is a tingling, but I think it is very important. We know who is providing donations, what they are registered, what are they for that donation.”
The UK HM is introducing back-to-back crypto reforms through Revenue and Customs (HMRC). The government has replaced another regulator run by adopting the organization for economic cooperation and development, which is the Cryptosate report framework (CARF). From 1 January 2026, all crypto firms will have to collect and disclose detailed users and transactions data.
The Financial Conduct Authority (FCA) has also proposed a rule that will prevent retail investors from purchasing cryptocurrency using funds lending, including credit cards, personal loans and even loans from crypto-spectative lenders. However, some crypto users work that the UK sanctions will discourage innovation and limit market access.
Discover: 9+ Best High-Risk, High-Workers Crypto to buy in August 2025
key takeaways
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For George Osborne, Britain not only included the economic benefits of the economic benefits of the digital asset revolution -included the jobs, investment, and tax revenue -reducing its competition in the intelligent financial services sector.
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At the center of Osborn’s argument, the current shift tour finance represents a decisive mother, simulation to the deragulation of London’s financial markets in the 1980s.
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