The UK, under Rishi Sunak, has shown a clear intention to become a global crypto hub, with the Financial Services and Markets Act 2023 establishing regulatory structures, though the full impact is yet to be seen.
"under him the UK passed the financial service and Markets act 2023 which creates regulatory structures for crypto in the UK it's fair to say that under sunak the UK has demonstrated a clear intention to become a global hub for crypto but that the full impact of these measures on the industry is yet to be seen"