🇬🇧 UK, here's your chance to shine! As Web3 firms flee the US due to regulatory woes, the UK can swoop in and become a crypto haven, says think tank Policy Exchange. Their 10-point plan includes:
- Limiting liability for DAO token holders (take notes, US 📝)
- Encouraging the FCA to embrace innovative KYC techniques (digital IDs, anyone?)
- Not undermining self-hosted wallets or regulating proof-of-stake as a financial service
- Allowing private stablecoin issuers to place reserves in the Bank of England
Time to step up, UK! 🚀