UK Trade Bodies Seek Crypto and Blockchain Policy for Economic Growth, Project a £57 Billion Boost Over a Decade.

A coalition of six distinguished commerce associations within the UK has urged the federal government to prioritise insurance policies regarding crypto and blockchain expertise so as to keep related within the quickly rising international digital economic system.

On 31 March 2025, the UK Cryptoasset Enterprise Council, techUK, International Digital Finance, The Funds Affiliation, Digital Currencies Governance Group, and the Crypto Council for Innovation collectively addressed a letter to Varun Chandra, the Prime Minister’s particular advisor on enterprise and investments.

Furthermore, the coalition emphasised the need for a cohesive technique to keep up the UK’s competitiveness within the international digital panorama whereas additionally calling for a higher strategic focus and alignment to ship funding, progress, and jobs within the UK’s digital asset sector.

Moreover, they famous the coverage shift within the US relating to crypto and the appointment of a crypto czar below President Trump’s administration and have really useful that the UK appoint a blockchain particular envoy, just like the US’s crypto czar, to foster innovation within the UK and to make sure the nation is competitively positioned within the international digital panorama.

A coalition of main UK commerce associations has known as on Prime Minister Keir Starmer’s authorities to nominate a devoted crypto envoy.
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As well as, the group cautioned {that a} international digital race is at present underway and subsequently argued that the UK should stay versatile. In any other case, it dangers falling behind nations like Singapore, the UAE, and Hong Kong which have already rolled out strategies to draw blockchain companies.

Britain’s dedication to an financial commerce deal targeted on technological cooperation with the US “presents a major alternative to reflect the US’ ambition in fostering management in blockchain, digital belongings, and different rising monetary applied sciences,” the letter said.

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The UK May Contribute to Crypto £1.39 Trillion International GDP by 2030.

A devoted authorities motion plan for blockchain and crypto is the necessity of the hour, as per the coalition. The motion plan would contain scouting key progress areas, growing public sector help, and serving to startups scale up within the UK by way of concierge-adjacent companies.

Notably, the group has talked about the necessity to keep in mind the growing interaction between AI, blockchain, and quantum computing. Using the mixed energy of those three applied sciences successfully can doubtlessly unlock key developments in transparency, productiveness, and decentralization throughout varied industries within the UK.

Moreover, the coalition said that the UK’s “deep swimming pools of expertise, entry to capital, world-class tutorial establishments, and complicated regulators” create an acceptable setting the place “blockchain innovation can thrive.”

Citing analysis carried out by PwC and Chainanalysis, the coalition initiatives that blockchain expertise might improve the nation’s economic system by $57 billion within the coming decade whereas additionally including £1.39 trillion to the worldwide GDP by 2030.

Lastly, the letter proposed establishing a high-level discussion board comprising {industry} leaders, authorities officers, and regulators to assist facilitate sensible rules. This strategy, the coalition argued, would guarantee cross-sector collaborations and inform coverage selections to foster a progressive outlook on blockchain developments.

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