Stand with Crypto has released a manifesto, outlining a comprehensive plan to establish the UK as a global leader in fintech, digital assets, and tokenization. The organization aims to drive innovation in the blockchain industry by promoting a regulatory framework that fosters productivity and growth.

A Framework for Regulatory Clarity

The manifesto emphasizes the need for swift legislation based on the principle of "same risk, same regulatory outcome" to protect consumers and raise industry standards. It also highlights the importance of regulatory clarity on staking, the consensus mechanism for proof-of-stake blockchains, and calls for secondary legislation to recognize staking as a regulated activity.

A Mixed Payments Ecosystem

The manifesto suggests British legislation to create a mixed payments ecosystem, allowing stablecoins to compete with other forms of digital money. This move aims to foster competition and promote innovation in the digital asset space.

Decentralization and Blockchain Adoption

Stand with Crypto emphasizes the importance of decentralization, stating that it holds the promise to revolutionize every facet of the economy. To ensure the success of the web3 hub, the organization proposes a coordinated government approach, implementing blockchain across various sectors such as education, healthcare, environment, and business supply chains.

A Path to Technological Innovation

The manifesto highlights the need for the Department for Science, Innovation and Technology (DSIT) to spearhead a strategy for blockchain adoption. This move aims to improve public service efficiency and position the UK at the forefront of technological innovation globally.

A Call to Action for the Next Government

Stand with Crypto's manifesto serves as a call to action for the next government to promote innovation in the digital economy. By implementing these recommendations, the UK can establish itself as a global leader in fintech and blockchain, driving growth and productivity in the industry.