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UK Trade Bodies Seek Crypto and Blockchain Policy for Economic Growth, Project a £57 Billion Boost Over a Decade.

  • A coalition of six UK trade associations urges the government to prioritize crypto and blockchain technology policies to stay relevant in the global digital economy.
  • The coalition calls for a coherent strategy to maintain the UK's competitiveness, greater strategic focus, and the appointment of a blockchain special envoy.
  • They highlight the need for a dedicated government action plan for blockchain and crypto, the interplay between AI, blockchain, and quantum computing, and the UK's potential for blockchain innovation.
  • Research indicates that blockchain technology could contribute £57 billion to the UK economy over the next decade and add £1.39 trillion to the global GDP by 2030.

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