Key Points
- Britain is at risk of losing budding fintech and cryptocurrency entrepreneurs to rival hubs if it doesn’t work to address pressing challenges with regulation and funding, industry leaders say.
- The country’s finance watchdog has faced criticisms that it’s become too restrictive of companies seeking to shake up the financial services landscape with digital technology.
- “I think the U.K. will get it right — but there is a risk if you get it wrong that you drive innovation to other markets,” Keith Grose, Coinbase’s U.K. head, told CNBC.
