Consensys exec: UK falling behind U.S. due to unclear crypto regulations

A Consensys executive has argued that the UK's unclear regulatory approach is undermining its competitiveness in the cryptocurrency sector. Speaking at the Zebu Live conference in London, Bill Hughes, Director of Global Regulatory Matters at Consensys, said the UK has lost its status as a crypto hub to the U.S. due to the lack of a clear regulatory framework from the Financial Conduct Authority (FCA). He added that despite Consensys having a presence in the UK, the company has never been asked for its input on crypto policy.