Britain at risk of losing ground to rival fintech and crypto hubs, execs warn

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.

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