Financial TimesFinancial Times

Why the UK joined the race to woo the crypto industry

By Joshua Oliver and Philip Stafford

28 Apr 2022 · 9 min read

Bitstamp launched its first effort to set up a London headquarters in 2013. The fledgling Slovenian cryptocurrency exchange was seeking a new base for its global expansion and Europe’s financial capital was developing a reputation as a hub for investment and talent in financial technology.

Part of the appeal was the opportunity to strike up an early relationship with the UK’s Financial Conduct Authority, one of the world’s most respected regulators. The company reasoned that regulation of the nascent cryptocurrency industry was inevitable, and wanted to get ahead of its rivals.

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