Ripple is urging UK policymakers to accelerate crypto regulation, laying out a four-point strategy designed to turn the country into a hub for digital asset innovation. The proposal, released during the London Policy Summit, signals a growing urgency within the industry to see the UK regulations take a leading role in shaping the future of global finance.
Ripple has long been working with regulators, unlike many crypto firms just starting. It has actively collaborated with policymakers in regions like Singapore, Dubai, and the EU, where clear crypto rules already exist.
The summit, hosted by Ripple alongside the UK Centre for Blockchain Technology and Innovate Finance, brought together officials and industry figures to assess the UK’s progress on crypto policy. The conversation followed a string of recent moves by the UK government, including draft legislation from HM Treasury and consultations from the Financial Conduct Authority on key issues like stablecoins, custody, and prudential standards.
Even though the UK wants to ace the crypto space, they need strong crypto rules at first, and Ripple is all set to help them with their innovative plan. Singapore and Dubai are true examples of laying crypto-friendly rules without being too lenient and over-protective. Moreover, talking about the EU’s MiCA regulations, it offers a strong blueprint for managing the fast-paced crypto sector. Ripple, familiar with such systems, is now helping the UK build its framework without having to start from zero.
There has also been early experimentation with blockchain-based infrastructure. A digital bond pilot backed by the UK government, DIGIT, has launched, and new players have joined the Financial Conduct Authority’s Digital Securities Sandbox, signaling growing institutional interest in tokenized assets.
Ripple’s paper calls for the swift finalization of the UK’s crypto regulatory framework. The firm argues that clarity is key to attracting serious investment and ensuring the UK doesn’t fall behind in the race to shape digital markets.
Next, Ripple suggests aligning domestic rules with international standards to avoid overlapping requirements for global firms. It also advocates for expedited progress on stablecoin regulation, including provisions that would allow non-UK-issued stablecoins to be used locally without additional barriers.
Finally, Ripple is pressing for broader structural reform to remove tax and legal obstacles to tokenization, a technology it believes will play a central role in modernizing financial markets.
While the report stops short of specific timelines, the tone suggests the window of opportunity is closing. Ripple believes the UK has a chance to establish itself as a global leader if it acts quickly and decisively.
With more than 90% of financial institutions expected to be engaged with crypto assets by the end of this year, the firm says getting the rules right now could define the UK’s role in the next chapter of financial innovation.
The UK has over 23 million crypto users, with a 35.12% adoption rate, leading Europe in crypto engagement.
The FCA regulates cryptoassets, working with HM Treasury and the Bank of England on comprehensive frameworks.
Capital gains tax applies at 18%–24%, while income tax (0%–45%) applies to mining, staking, and crypto earnings over £12,570.
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