BlockBeats News, February 17 — GBP stablecoin issuer Agant CEO Andrew MacKenzie stated that the UK’s crypto regulatory framework is on the right track, but the pace of progress is insufficient to support the country’s ambition to become a global digital asset hub.
The UK government has repeatedly promised to position London as a global center for crypto and digital asset activities. However, legislation that fully covers stablecoins and broader crypto activities is not expected to be approved by Parliament until later this year, with full implementation possibly not until 2027.
MacKenzie pointed out that this timeline contradicts the government’s goal of maintaining the industry’s global competitiveness. In an interview at the Consensus Hong Kong conference, he said, “I think what’s most disruptive right now is that it’s taken us too long to get to this point. People just want clarity… If I have any expectations for regulators, it’s to speed up how we get things done.”
Agant recently joined a small group of crypto asset firms registered with the UK Financial Conduct Authority under anti-money laundering regulations — a process widely regarded as one of the strictest regulatory regimes globally. FCA registration is a prerequisite for conducting certain crypto asset activities in the UK, and the process is known for being rigorous and slow.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
WAR (WAR) 24-hour increase of 51.50%
Gate News Bot Message, March 3rd, according to CoinMarketCap data, as of press time, WAR (WAR) is currently trading at $0.03, up 51.50% in the past 24 hours, with a high of $0.03 and a low of $0.01. The 24-hour trading volume reached $17.7 million. The current market capitalization is approximately $28.1 million, an increase of about $9.54 million from yesterday.
### WAR recent important news:
1️⃣ **Geopolitical Tensions Rise, Driving Predictive Trading Activity**
The conflict between Iran, the United States, and Israel continues to escalate, sparking global market concern over geopolitical risks. This event has triggered widespread predictive trading activity in the crypto derivatives market, with investors hedging their portfolios by betting on related risk events. Such event-driven trading activities often lead to increased volatility in the related cryptocurrencies.
GateNews1h ago
Tennessee Bitcoin Reserve Bill has been submitted to the Finance, Fundraising, and Means Committee for review
PANews March 3 News, according to Cointelegraph, the "Strategic Bitcoin Reserve Act" in Tennessee has been recommended for approval and has been submitted to the Finance, Fundraising, and Means Committee for review. If the bill is passed, it will allow the state treasurer to allocate up to 10% of public funds to Bitcoin.
GateNews1h ago
Bitunix Analyst: Hormuz Risk Escalation, Oil-Gold Chain Activation, BTC Upside Short Liquidity Accumulation
Dubai Gold Air Transport Hub flights suspended, Iran closes the Strait of Hormuz, leading to a sharp rise in oil prices and increased inflation expectations. Institutions favor gold, but rising oil prices may suppress gold prices. In the crypto market, BTC fluctuates between 69,500 and 70,500, with market focus on short squeeze and liquidity changes. Overall, macro volatility has increased, and BTC remains within the range, trading sideways.
GateNews2h ago
XRP Today's News: $650 million rush into exchanges, are investors preparing to sell?
In the past week, approximately 472 million XRP tokens flowed into exchanges, breaking the net outflow trend seen for several months and reflecting a defensive stance among holders amid geopolitical uncertainties. Although large inflows are generally seen as a warning sign of selling, they could also be a hedge. On the technical side, $1.30 is a key support level; if broken, the price could accelerate downward to $1.12. The resistance levels above are $1.50 and $1.61.
MarketWhisper2h ago
U.S. 303-page Housing Bill Hidden CBDC Ban, White House Endorses
The "21st Century Housing Roadmap Act" proposed by the U.S. Senate includes a provision that bans the Federal Reserve from issuing Central Bank Digital Currencies (CBDC), with the ban remaining in effect until 2030. The bill aims to reduce housing costs and support the development of private stablecoins. The White House has expressed support for the bill, emphasizing that preventing CBDC development is a current policy priority. Bipartisan lawmakers have reached a consensus on this issue, making it a cooperative clause that can transcend party divisions.
MarketWhisper2h ago
"1011 Insider Whale" claims the crypto market is still in a range-bound fluctuation
ChainCatcher Message: "1011 Insider Whale" GarrettJin posted on X platform stating that the current market transmission path is influenced by geopolitical impacts on the macro environment, which in turn further affects the crypto market. He pointed out that attention should be focused on indicators such as oil prices, the US dollar index, and the yields of 2-year and 10-year US Treasury bonds.
GarrettJin believes that the crypto market is still in a range-bound consolidation phase and states that maintaining caution is a common choice in the current environment.
GateNews2h ago
