Agant: UK crypto rules too slow to support global hub ambitions, says Agant CEO

Regulatory delays risk blunting Britain’s digital asset push, said Andrew MacKenzie, head of the pound-pegged stablecoin developer. What to know : Andrew MacKenzie, CEO of sterling stablecoin developer Agant, says the U.K.’s slow rollout of crypto and stablecoin rules undermines its ambition to be a global digital asset hub. Agant’s FCA registration marks a regulatory milestone and positions its planned GBPA token as institutional infrastructure for payments, settlement and tokenized assets rather than a retail product. MacKenzie said well-designed stablecoins can extend monetary sovereignty and spur competition in financial services. U.K. banks are elevating blockchain to a C-suite priority amid what they see as a decades-long transition.(Coindesk)