What's everyone talking about in the City of London? Every week, Bloomberg’s Francine Lacqua and David Merritt aim to find out by going behind the scenes in the Square Mile and the wider metropolis, uncovering the stories and speaking to the people that matter.
London Is Losing The Crypto Race
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.
Jun 22, 2022
