UK Former Chancellor Launches Scathing Attack on Labour Government: UK Lags Behind in Cryptocurrency Field! Stablecoin USA, EU, Singapore are all ahead of Britain

　　Gloriong August 4th｜UK former Chancellor George Osborn launched a scathing attack on the Labour government's approach to cryptocurrency, warning that Britain may miss out on an opportunity similar to the financial reforms of the 1980s and fall behind the trend. As a member of the global advisory committee for Coinbase, a US-based cryptocurrency exchange, Osborn said that Chancellor Rishi Sunak and Bank of England Governor Andrew Bailey are letting Britain lag behind. Osborn stated: "Rachael Reeves is right, we've all become too risk-averse. It's because we're not afraid of change that we became the world financial center." "In cryptocurrency and stablecoin, just like in many other things, a harsh reality is: we're completely being left behind. It's time to catch up." Osborn criticized regulatory bodies for being overly cautious, saying it was an "untenable excuse" for Rishi Sunak to not establish a framework for cryptocurrency through legislation. He warned that the US, EU, Singapore, and Abu Dhabi are all racing ahead of Britain.