Commercial bodies in the United Kingdom require the government to make encryption a “strategic priority”

Several British commercial associations have asked Prime Minister Kiir Starmer’s office to appoint a special envoy for encryption and a work plan for digital assets and Blockchain technology.

March 31 letterThe coalition urged six commercial bodies for the UK digital economy, the Special Consultant for Business and Investment, Varon Chandra, for “the strategic focus and the greatest alignment of investment, growth and jobs” for the encryption industry.

The group, which was composed of the Cryptoasset Business Council in the United Kingdom, noticed Global Digital Finance, Association of Payments, Digital Currency Governance Group, Crypting Council for Innovation and Texok, the transformation of American policy on encryption during President Donald Trump and his appointment to Caesar Chefir.

Britain’s commitment to economic trading on technological cooperation with the United States focuses on “a great opportunity to reflect the US ambition to strengthen leadership in Blockchain, digital assets and other emerging financial technologies.”

The group recommended that the United Kingdom appoint a lucid -lines, similar to the United States, to coordinate policy, enhance innovation, and put the country competitively in global markets.

The commercial bodies also called for the development of a governmental action plan for encryption technology and Blockchain, including the concrete service to attract high -capacity companies.

They added that the government should recognize and benefit from the common denominators between Blockchain, quantum computing and artificial intelligence technologies, including possible applications for government services.

Another recommendation is to create a high -level government organization participation forum to ensure enlightened decisions and cooperation between sectors.

“With deep gatherings of talent, capital access, global -level academic institutions, and advanced organizations, the UK provides an environment in which digital assets and Blockchain innovation can be thrived.”

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The coalition argues that encryption technology and blocks can strengthen the British economy by 57 billion British pounds ($ 73.6 billion) over the next decade, as the sector may increase the Global GDP by 1.39 trillion pounds (1.8 trillion dollars) by 2030.

Tom Griffiths, co -founder and administrative partner of Crypto Complion Consultant Bitcompli Consultant, He said In response to the LinkedIn message that the financial behavior body “has a lot of talents and a good view of future plans, but the UK certainly loses a pace with Dubai, Singapore and other European Union judicial states.”

He added: “It is now the time to behave FCA, or the UK will lose this huge opportunity, which is digital assets and all the benefits that this sector can bring, not now but over the next twenty years.”

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