BlockBeats News, February 17 — GBP stablecoin issuer Agant CEO Andrew MacKenzie stated that the UK’s crypto regulatory framework is on the right track, but the pace of progress is insufficient to support the country’s ambition to become a global digital asset hub.
The UK government has repeatedly promised to position London as a global center for crypto and digital asset activities. However, legislation that fully covers stablecoins and broader crypto activities is not expected to be approved by Parliament until later this year, with full implementation possibly not until 2027.
MacKenzie pointed out that this timeline contradicts the government’s goal of maintaining the industry’s global competitiveness. In an interview at the Consensus Hong Kong conference, he said, “I think what’s most disruptive right now is that it’s taken us too long to get to this point. People just want clarity… If I have any expectations for regulators, it’s to speed up how we get things done.”
Agant recently joined a small group of crypto asset firms registered with the UK Financial Conduct Authority under anti-money laundering regulations — a process widely regarded as one of the strictest regulatory regimes globally. FCA registration is a prerequisite for conducting certain crypto asset activities in the UK, and the process is known for being rigorous and slow.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin Holds Steady Amid Middle East Escalation
Bitcoin remains resilient at $70K despite escalating Middle East tensions, reflecting strong investor confidence with exchange-held assets at a six-year low. Market participants show stability amidst volatility, demonstrating a capacity to price geopolitical risks.
CryptoFrontNews16m ago
SEC Commissioner: Will Carefully Study "Innovation Exemption" for Tokenized Securities, Focus on Key Issues Such as Information Disclosure
U.S. Securities and Exchange Commission Commissioner Hester M. Peirce announced the launch of an "Innovation Safe Harbor" program for tokenized securities, which will allow limited trading and experimentation within a restricted scope. The program will take a more cautious approach, explore different tokenization models, and consider investor protection mechanisms. The SEC is also evaluating related disclosure and regulatory issues.
GateNews52m ago
Uncertainty in stablecoin regulation causes traditional banks to delay infrastructure investments, while crypto companies offering 4%-5% returns may accelerate capital migration.
Unclear stablecoin regulations create operational difficulties for traditional banks, while crypto companies continue to develop in gray areas. Banks are hesitant to make large-scale investments in stablecoin infrastructure due to advice from legal counsel, resulting in limited deployment. While large-scale deposit outflows have not yet occurred, competitive pressure is increasing.
GateNews1h ago
Trump Calls for Multiple Countries to Deploy Warships to Escort Vessels Through the Strait of Hormuz, Four Nations — France, Japan, South Korea, and Britain — Respond
US President Trump called on multiple nations to send warships to escort the Strait of Hormuz. France explicitly refused, stating its aircraft carrier remains in the Eastern Mediterranean. Japan emphasized independent judgment, South Korea said it will consider carefully, and the UK is discussing options with allies. Currently, no country has publicly responded to Trump's call.
GateNews2h ago
China-US Economic and Trade Team Begins Economic and Trade Consultations in Paris, France
Gate News, March 15. According to Xinhua News Agency, on the morning of March 15 local time, the economic and trade teams of China and the United States began holding China-U.S. economic and trade consultations in Paris, France.
GateNews3h ago
"1011 Insider Whale" agent: recommends bullish positions on crude oil and reducing stock exposure; Brent crude has risen above $103.
The Strait of Hormuz has been locked for 16 days, with oil prices rising approximately 45%, and Brent crude breaking through $103 per barrel. Strategic petroleum reserves can only fill a 12%-15% gap. It is recommended to take a bullish view on crude oil, reduce stock exposure, and maintain cash positions to prepare for liquidity tightening.
GateNews3h ago
