U.K. Crypto Regulators Turn to Fintech Playbook for Inspiration

Clear policies that prioritized innovation and competition helped make the U.K. second only to the U.S. globally as a fintech hub – with the sector in Britain taking in more than $14 billion in venture capital funding last year, according to PitchBook data. By contrast, “the regulation and the direction of travel on crypto hasn’t kept up with what the market is and what the market demands, and that is the disappointing part,” said Julian Sawyer, chief executive of crypto exchange Bitstamp and a co-founder of Starling Bank, a top U.K. fintech firm.