PANews, June 24 – The UK’s push to become a “global crypto hub” has slowed, mainly because regulatory resources were diverted by Brexit, pandemic response and multiple wealth management scandals, pushing crypto from a priority to a fringe issue, according to Isadora Arredondo, former UK Financial Conduct Authority (FCA) official and now vice president of global policy at Hedera, as reported by CoinDesk. She noted that the UK is actively exploring tokenisation in institutional and wholesale markets through initiatives such as the Digital Securities Sandbox, but for startup teams and retail-facing crypto businesses, it still relies on approvals under the old regulatory framework – a lengthy and complex process that lacks bespoke rules similar to the EU’s MiCA. Arredondo believes the next phase of digital money will hinge on interoperability and common standards across different blockchains, stablecoins and CBDCs, and that the current entry of large institutions is more about traditional finance absorbing crypto ideas than rejecting the sector.