UK Trade Groups Call for Crypto Envoy and Strategic Action Plan

Leading UK trade associations are urging the government to appoint a dedicated crypto envoy and implement a comprehensive action plan to support the country’s growing digital asset industry. The call comes as the UK seeks to position itself as a global hub for cryptocurrency innovation while ensuring regulatory clarity and investor protection.

The trade groups argue that a government-appointed crypto envoy would play a crucial role in bridging the gap between policymakers and industry stakeholders. By fostering dialogue and collaboration, the envoy could help shape policies that promote innovation while addressing regulatory concerns such as consumer protection, anti-money laundering compliance, and financial stability.

In addition to the appointment, the trade associations are pushing for a strategic action plan to provide a clear roadmap for the UK’s approach to crypto regulation and adoption. Key recommendations include establishing a regulatory framework for stablecoins, creating guidelines for digital asset taxation, and ensuring the UK remains competitive with jurisdictions like the European Union and the United States, which are advancing their own crypto policies.

The call for action comes amid increasing pressure on the UK government to provide clearer guidance on crypto regulation. While regulators such as the Financial Conduct Authority (FCA) have introduced measures to oversee crypto firms, industry leaders believe more structured support is needed to encourage investment and innovation in the sector.

With global competition heating up, UK trade groups emphasize that proactive measures are essential to prevent businesses and talent from relocating to more crypto-friendly markets. A dedicated crypto envoy, backed by a well-defined action plan, could help solidify the UK’s position as a leader in the digital asset economy.

As discussions progress, industry participants will be watching closely to see how the government responds to these recommendations and whether decisive steps will be taken to enhance the UK’s role in the global crypto landscape.