BlockBeats News, April 2nd, according to Cointelegraph's report, six UK digital economy trade bodies recently sent a letter to Prime Minister's Special Advisor Varun Chandra, urging the government to appoint a dedicated Blockchain and Cryptocurrency Affairs Envoy and develop a specific action plan to promote industry investment, growth, and employment. The alliance pointed out that the United States has appointed a Crypto Czar under the Trump administration and has increased its efforts in crypto policy, suggesting that the UK could leverage its tech cooperation with the US through a trade agreement to seize global competitive opportunities and establish a leading position in the digital asset and fintech sector. Additionally, the letter suggested that the government should focus on the synergistic potential between blockchain, quantum computing, and artificial intelligence technologies.

The alliance believes that cryptocurrency and blockchain technology are expected to contribute £57 billion to the UK economy in the next decade and could bring up to £1.39 trillion in global GDP growth. Tom Griffiths, co-founder of BitCompli, stated on LinkedIn that despite the UK's Financial Conduct Authority (FCA) having talent and planning, the UK is falling behind places like Dubai and Singapore. Now is a critical moment for FCA action to avoid missing out on the long-term development opportunities brought by digital assets.