UK Blockchain Petition Surges After Coinbase Alert – Will It Hit Parliament Soon?

A petition urging the United Kingdom to adopt a pro-innovation strategy for blockchain and stablecoins is gaining traction after crypto exchange Coinbase mobilized its user base to support the ￰3￱ petition , created in July by campaigner Harry Pearce Gould and hosted on the UK government’s official website, calls for a national strategy to regulate stablecoins, advance tokenization, and encourage government use of blockchain ￰4￱ also proposes the appointment of a dedicated “blockchain and crypto czar” to oversee policy in the ￰5￱ Stablecoin Petition Gains Momentum With Coinbase Backing Supporters of the petition argue that the UK risks falling behind other jurisdictions without decisive ￰6￱ petition shows the role of stablecoins in powering a tokenized economy, pointing to the United States’ recent decision to rule out a central bank digital currency in favor of a stablecoin-driven framework.) unveiled proposals to regulate stablecoins and crypto custody , calling them a milestone toward balanced oversight.

UK’s FCA Seeks Public Feedback on New Stablecoin and Crypto Custody Rules through consultation papers. #Stablecoins #CryptoRegulation ￰0￱ — ￰7￱ (@cryptonews) May 28, 2025 The proposed rules would require issuers to disclose how tokens are backed and managed, while custody providers must prove customer assets are secure and ￰8￱ Bank of England would oversee stablecoins deemed ￰9￱ executive David Geale said the regulator supports innovation but stressed that stability and trust remain ￰10￱ Faces Crypto Crossroads as Osborne Warns of Irrelevance, Binance Expands Access Former UK Chancellor George Osborne warned that Britain risks becoming irrelevant in the global race for crypto leadership unless it takes bold ￰11￱ to a report, Osborne accused the Labour government and the Bank of England of dragging their feet while rivals such as the U.

S., the EU, Singapore, Hong Kong, and Abu Dhabi push ahead with legal frameworks for digital assets and ￰12￱ British finance minister @George_Osborne warns the UK is losing its crypto edge, slamming the Labour government and Bank of England for lagging behind global regulators. #BankofEngland #UKCrypto ￰1￱ — ￰13￱ (@cryptonews) August 4, 2025 Osborne, who served as finance minister from 2010 to 2016 and now advises Coinbase , likened the moment to the Big Bang reforms of the 1980s that transformed London into a financial ￰14￱ directly challenged Chancellor Rachel Reeves and Bank of England Governor Andrew Bailey, dismissing current government pledges to “drive forward” on stablecoins as vague and ￰15￱ intervention comes as the UK crypto sector faces both openings and new compliance ￰16￱ last month restored its full range of “Earn” products for professional investors in Britain, following regulatory clarification that staking falls outside collective investment ￰17￱ exchange said the move reflects growing demand from sophisticated clients and showed confidence in the UK’s evolving ￰18￱ UK director Nish Patel, a former Financial Conduct Authority crypto specialist, said he expects a comprehensive domestic framework , comparable in scope to the EU’s MiCA, to take shape within the next 12 ￰19￱ UK will require crypto firms to collect and report detailed customer information on every trade and transfer starting 2026. #UK #Crypto ￰2￱ — ￰20￱ (@cryptonews) May 18, 2025 Meanwhile, the government has set out tougher tax reporting ￰21￱ January 1, 2026, crypto firms will be required to collect detailed personal information on every trade and transfer under the OECD’s Cryptoasset Reporting ￰22￱ of up to £300 per user will apply for ￰23￱ adoption rising, 12% of UK adults now hold crypto, according to the FCA; the tension between calls for innovation and demands for oversight is sharpening.