Odaily Planet Daily reported that six digital economy and trade organizations in the UK recently sent a letter to Varun Chandra, the Prime Minister's special advisor, calling on the government to appoint a special envoy for blockchain and cryptocurrency affairs and develop a dedicated action plan to promote investment, growth, and employment in the industry. The alliance pointed out that the United States has established a person in charge of cryptocurrency affairs under the Trump administration and increased investment in cryptocurrency policies. It suggested that the UK can seize global competitive opportunities and establish a leading position in the fields of digital assets and fintech by leveraging economic and trade agreements with the US in technology cooperation. In addition, the letter also suggests establishing a high-level coordination mechanism between government, industry, and academia, establishing exclusive guidance services to attract potential enterprises, and emphasizes that the government should attach importance to the collaborative potential between blockchain, quantum computing, and artificial intelligence technologies. The alliance believes that encryption and blockchain technology are expected to contribute £ 57 billion to the UK economy over the next decade and bring up to £ 1.39 trillion in global GDP growth. BitCompli co-founder Tom Griffiths stated on LinkedIn that despite the talent and planning of the Financial Conduct Authority (FCA) in the UK, the country is falling behind places like Dubai and Singapore. Now is a critical moment for FCA's actions to avoid missing out on the long-term development opportunities brought by digital assets. （Cointelegraph）
