[Pound Stablecoin Issuer Agant: UK Crypto Legislation May Take Effect in 2027] Andrew MacKenzie, CEO of pound stablecoin issuer Agant, stated that while the UK's crypto regulatory framework is heading in the right direction, its progress is not fast enough to support the country's ambition to become a global digital asset hub. MacKenzie believes that the UK government has repeatedly pledged to position London as a global center for crypto and digital asset activities. However, legislation that fully covers stablecoins and broader crypto activities is expected to receive parliamentary approval later this year, with formal implementation likely delayed until 2027. Agant plans to issue a stablecoin named GBPA, fully backed by the pound. The company has already completed registration with the UK's Financial Conduct Authority (FCA), indicating its focus on institutional investors rather than the retail cryptocurrency market. Agant has positioned GBPA as infrastructure for institutional payments, settlements, and tokenized assets.