Summary
The UK can learn from other countries’ digital asset regulation, aiming for clear and effective innovation. EU’s MiCA framework is a step in the right direction, leaving room for DeFi regulation. Proper regulation can drive innovation and investment in the industry. Lord Holmes and Dr. Cameron believe the UK has a big opportunity to lead in crypto regulation with the right legislation.
Key Points
1. The United Kingdom can learn from digital asset regulation in other countries, such as the European Union and the United States.
2. Establishing clear and effective innovation quickly is essential for the UK to stay at the forefront of the digital revolution.
3. Regulation should not be feared in the crypto industry, as it can be done correctly to foster innovation and investment.