Opinion polls predict that the UK's Labour Party could secure victory in today’s General Election. According to one financial services executive, Labour leader Keir Starmer should pursue the current Conservative Prime Minister Rishi Sunak's ambition to make the country a "global crypto hub."
In an email sent to The Block, Green said that the Labour Party has highlighted in planning documents how it would "embrace securities tokenization and a central bank digital currency " as part of its vision for the UK."The cornerstone of establishing the UK as a global crypto hub lies in creating a clear, comprehensive regulatory framework," Green noted.
Green emphasized how the City of London has historically been a leading global financial center. "By embracing cryptocurrency and blockchain technology, Starmer can enhance the City's status. The City’s robust financial infrastructure, combined with progressive crypto regulations, can attract international businesses and investors."
The crypto advocacy group's manifesto said the next UK government should promote the country as a global web3 and tokenization hub and establish a joint industry-government task force to identify opportunities to position the UK as such.