Former London Stock Exchange CEO asks country to embrace cryptocurrencies

Charlie Taylor

In a post published on Wednesday, the former head of the London Stock Exchange, Xavier Rolet, said that post-Brexit in the UK could leverage the crypto boom to make the nation a reliable and safe financial center for the Rolet, who serves as the non-executive president of Shore Capital Markets, said the country should attract the industry's 'best brains' to build progressive policies on cryptocurrencies and blockchain technology.

Doing so will not be easy, none of this is, but it is essential to be well positioned, otherwise the cryptocurrency market will leave the UK aside.

The post, co-written by Shore Capital Markets senior political adviser Matthew Elliott and the head of research, Dr. Clive Black, highlighted the importance of the country being one of the first to adopt cryptocurrency on a global scale.

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(…) Major state institutions (for example, China) and commerce (for example, Mastercard and BNY Mellon) are now adopting cryptocurrencies. This is a good example of where London obviously cannot act in isolation, but can seek to act as a carrier, working in connection with the main agencies in the world to be at the center of what will turn out to be a very large and regulated component of the financial markets.

The authors noted that the UK could leverage its independence after Brexit to implement agile policies and work with global central banks.

(…) The UK now has a unique opportunity to take stock and define the best political context for the city of London and our financial services sector in general to thrive.

Which country will be the first to adopt Bitcoin globally? Leave your opinion in the comments section below.Read more: Grayscale confirms its interest in creating products from Chainlink, Monero and other altcoins

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