So. The British, ever the pragmatists, are now preparing to… *copy* the Americans regarding these “digital assets.” Apparently, innovation in the motherland has stalled, and it requires a generous helping of whatever strange brew the Trump administration was concocting to revive it. One wonders if tea and biscuits will soon be traded exclusively for Bitcoin. ☕💰 A chilling thought.
On Tuesday, Chancellor Reeves and Secretary Bessent – names that will doubtless echo in the corridors of power for years to come – held discussions. One imagines stern faces, furrowed brows, and possibly a shared plate of canapés. The object of this solemn exchange? Strengthening “coordination” on crypto. As if crypto needed *more* coordination. It’s chaotic enough as it is. 🤪
The gathering wasn’t limited to politicians, oh no. Representatives from Coinbase, Circle, Ripple – the very titans of this… ethereal industry – were present. Even the venerable institutions of Bank of America, Barclays, and Citi deigned to send their emissaries. A veritable who’s who of those who stand to profit. One almost expects them to be measuring each other’s yachts. 🛥️
This sudden burst of enthusiasm, it seems, was provoked by some frantic appeals from crypto advocacy groups. Apparently, Britain’s cautious approach (read: sensible restraint) is “lagging” innovation. One pictures these advocates pacing like caged tigers, demanding liberation from the shackles of reasoned policy. Give them their digital gold, they cry!
Deal to include stablecoins, look to unlock adoption
And what of this “deal”? Naturally, it involves stablecoins. An area of particular interest to… shall we say, *certain* American families with considerable business interests. One smells the scent of influence and backroom deals, thick as London fog. 🌫️ It’s a tale as old as time: power, money, and digital tokens.
Oh, and the Bank of England, foolishly trying to impose limits on stablecoin holdings? Slated, naturally. Too difficult, too expensive, say those same advocacy groups. Apparently, protecting citizens from financial ruin is simply an inconvenience.
Britain’s banks, too, are proving troublesome, slowing adoption by blocking or delaying crypto payments. For shame! Concerns about volatility, fraud, and scams are, one must assume, merely the petty grievances of the unimaginative. 🙄
There has been *some* progress, admittedly. A framework proposed in May to treat crypto firms like traditional finance. Ambitious, perhaps, though one suspects it will be about as effective as trying to herd cats. 🐈
Reeves, driven by the noble ambition of attracting American investment, hopes closer alignment with US rules will open doors. Naturally. It is always about the money. So predictable. 🤷♀️
Reportedly, officials believe the Trump administration’s stance on crypto was “vital to unlocking adoption.” One shudders to think what horrors this “unlocking” will unleash. The American example. A beacon of… something. 🤔
And already, they’re building “digital securities sandboxes.” Where companies can “test” this technology. Sandboxes. As if a sandbox could contain the inherent instability of the beast. A charmingly naive concept.
UK adults see long-term potential in crypto investing
A study by Aviva reveals that 27% of British adults are considering crypto for their retirement funds. Driven by… higher potential returns, naturally. Because who needs a secure pension when you can gamble on invisible internet money? 💸 Over 40% said they were motivated by the *possibility* of higher returns. The siren song of speculation.
One in five hold crypto, and two-thirds of those *still* hold it. Clinging to the hope that their digital bubbles won’t burst. A testament to the enduring power of hope, or perhaps just plain stubbornness.
Read More
- Brent Oil Forecast
- Silver Rate Forecast
- USD CAD PREDICTION
- EUR USD PREDICTION
- Gold Rate Forecast
- EUR ZAR PREDICTION
- RENDER PREDICTION. RENDER cryptocurrency
- EUR NZD PREDICTION
- EUR JPY PREDICTION
- EUR TRY PREDICTION
2025-09-17 03:32