Regulation is good as long as it encourages growth & allows an asset & companies involved in it to thrive. Hopefully the UK don’t act like the US with their notorious SEC to stifle bitcoin & companies involved in it. Bitcoin is going to play a huge role in the future of finance so forward thinking, open minded governments can give themselves an advantage by being kind to bitcoin now. Hopefully the UK are going to work with us rather than against us for both theirs & our benefit.
with the number of articles online where Gensler had resigned, i think it won't be long the real news will come since there are already big names and lawyers stating his supposedly role as regulator. UK approving crypto is somehow just as Hongkong did. they may just not have approved it all but i think this is the start at least they didn't stifle innovation of payment methods.
i heard the UK government is actually considering the exchanges as betting platforms.