• 34ºc, Sunny

UK industry associations have called on the government to make cryptocurrencies a "strategic priority."

According to Cointelegraph, several British industry associations sent a joint letter to the office of Prime Minister Keir Starmer, calling for the appointment of a dedicated cryptocurrency envoy and the development of a special project action plan for digital assets and blockchain technology. The joint letter was signed by six digital economy industry associations, including the UK Crypto Asset Business Council, Global Digital Finance, and the Payments Association. They recommend following the example of the United States and appointing a blockchain envoy to coordinate policies and promote innovation. The industry association also called for the establishment of a high-level industry-government-regulator dialogue mechanism and the establishment of special services to help high-potential enterprises develop. It is reported that the associations believe that cryptocurrency and blockchain technology can bring 57.30 billion pounds (about 73.60 billion dollars) to the British economy in the next decade, and is expected to contribute 1.39 trillion pounds (about 1.80 trillion dollars) to global GDP by 2030.