London Is Losing The Crypto Race
Leaders with Francine Lacqua
Bloomberg
4.6 • 64 Ratings
🗓️ 23 June 2022
⏱️ 27 minutes
🧾️ Download transcript
Summary
Earlier this year, the UK government laid out plans to become a “global hub” for the crypto industry. City minister John Glen said in a speech in April that the government was determined to show “the UK is open for business and open for crypto businesses.” But crypto oversight remains a puzzle to regulators worldwide--including the UK--and according to crypto players like former Chancellor of the Exchequer Philip Hammond the UK has "missed a trick" on digital asset trading. Hammond, who is now a senior adviser to Copper.co, a London-based crypto custodian and trading services provider, tells David Merritt and Francine Lacqua it isn't too late for London to catch-up to the EU on setting clear regulation, but it's getting dangerously close.
Plus: Bloomberg crytpo reporter Emily Nicolle on how the UK currently views crypto and how crypto companies currently view the UK, and reporter Charlie Wells on the addiction specialists offering treatments for compulsive crypto traders.
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Transcript
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| 1:00.6 | Hello? |
| 1:01.6 | Mr. Miller. |
| 1:03.1 | Hey, what's up? |
| 1:04.4 | So, Matt, we've got this podcast this week on crypto and the UK, and I hinted that there's an anchor |
| 1:09.4 | out there with loads of money in crypto, but no idea what their password is. Can I tell the world it's you? |
| 1:15.7 | Sure. I mean, I'm not sure it's loads of money, but... |
| 1:19.7 | How much? |
| 1:20.5 | I have no idea, to be honest with you. So I bought a few Bitcoin to do my reporting in 2013, |
| 1:31.1 | and at the end of my session, I kind of forgot about even the fact that I had Bitcoin in the wallet, but also, of course, I forgot the passwords. |
... |
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