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The Fintech Times
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UK Digital Asset Industry Calls for Government to Give Blockchain the Same Treatment as AI
- A letter has been written to the UK government urging them to give the same treatment to blockchain as they have given to AI, highlighting the potential impact on the economy.
- The letter emphasizes the need for a blockchain envoy to drive policy alignment and innovation, foster growth, and maintain global competitiveness.
- It calls for a similar strategic approach to blockchain as the UK's 'AI Opportunities Action Plan' to attract investment and ensure development in the sector.
- Acknowledging the importance of collaboration with other technologies, the letter stresses the synergy between quantum computing, AI, and blockchain for future innovation.
- A high-level industry-government-regulator engagement forum is recommended to keep abreast of emerging trends and ensure regulatory alignment with industry developments.
- Experts in the field echo the importance of government support for blockchain, citing the need for clear policy frameworks, regulatory sandboxes, and public-private partnerships.
- Collaboration across sectors, clear policy frameworks, and industry-government coordination are key factors in leveraging blockchain's potential for the UK economy.
- The UK is urged to lead globally in responsible blockchain innovation by implementing a national strategy similar to that of AI to avoid losing talent and capital to other jurisdictions.
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