According to Mars Finance, Kraken co-CEO Arjun Sethi criticized the excessive cryptocurrency regulatory requirements in the UK during an interview with the Financial Times, stating that mandatory disclaimers and “cooling-off periods” severely impact user experience and may cause investors to miss potential gains. Despite regulatory friction, the UK is gradually opening up to the crypto industry and seeking closer cooperation with the United States. Former UK MP Lisa Cameron revealed that the UK and the US may be developing a joint “sandbox” project to coordinate the two countries' crypto markets. In addition, the Central Bank of the UK recently released a consultation document on the regulatory framework for “systemic stablecoins,” indicating that it is actively advancing legislation in the field of crypto payments.
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