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Homepage > News > Business > UK trade bodies ask gov’t to follow US digital asset footsteps A group of British trade associations have appealed to the United Kingdom Government for greater “strategic focus” on digital assets and appointing a “special envoy” dedicated to the sector. In a March 31 letter, the cohort of six U.K. digital economy trade bodies wrote to Prime Minister Kier Starmer’s Business and Investment Special Advisor, Varun Chandra, to “highlight the value proposition of the digital asset and wider blockchain ecosystems” and urge the government to “remain proactive and competitive to attract businesses, talent, and capital.” The trade bodies, the UK Cryptoasset Business Council, techUK, Global Digital Finance, The Payments Association, Digital Currencies Governance Group and Crypto Council for Innovation, specifically pointed to the shift in United States digital asset policy since the election of President Donald Trump, as well his appointment of a “crypto czar.” “Recent geopolitical events, namely the election of Donald Trump, have precipitated a global digital race to capture the economic and societal benefits of this new wave of technology,” the trade bodies wrote. “The UK’s positive commitment to a U.S.-UK economic trade deal focused on technological cooperation presents a significant opportunity to mirror the United States’ ambition in fostering leadership in blockchain, digital assets, and other emerging financial technologies.” The letter proposed four key recommendations to help shape a dedicated government action plan for digital asset and blockchain technology, including a “concierge service to attract high-potential firms.” Four core suggestions First amongst the four core requests outlined in the letter was that the U.K. should follow the lead of the U.S. and appoint a blockchain special envoy to ensure that regulation and innovation evolve hand-in-hand “by leading international collaboration, attracting investment, and creating a structured feedback loop between government and industry.” Next,…

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Filed under: News - @ April 3, 2025 3:24 pm