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US Leads Crypto Push as Britain ‘Getting Battered and Bruised,’ Says Animoca Exec

CCN
An Animoca Brands executive stated the US is leading crypto adoption while the UK struggles due to policy inaction and tax issues.

Summary

Mohamed Ezeldin, Head of Tokenomics at Animoca Brands, asserted that the United States is currently outpacing the United Kingdom in shaping the future of cryptocurrency, despite lagging regulation.

Ezeldin argued that the U.K.'s aspirations to be a leader in emerging technology are undermined by policy inaction, high taxes driving founders away to places like Dubai and Lisbon, and significant political instability.

In contrast, he suggested the U.S. is moving more confidently toward crypto adoption, citing presidential commitment to the sector, which gives it a better global position for crypto, even as Animoca Brands continues its global expansion focused on digital property rights.

(Source:CCN)