The article, titled "Euroviews: The patchwork of UK crypto regulation is still too complex to bring real benefit," highlights the pressing need for clarity and simplification in the nation's approach to cryptocurrency governance.

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Dr. Tasca brings to light the recent scam involving Cosoin, an "investment app" that turned out to be a Ponzi scheme, underlining the ongoing vulnerability of UK consumers to cryptocurrency frauds. Despite recommendations from a UK Treasury committee to regulate crypto trading for retail akin to gambling, the Economic Secretary to the Treasury, Andrew Griffith, opposed such measures, favouring a distinction between gambling and financial services.

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Dr. Tasca calls for a proactive approach to regulatory reform that not only safeguards consumers but also fosters technological innovation and economic growth. He suggests that by building a more straightforward and welcoming regulatory infrastructure, the UK can secure its position as a leader in emerging technologies while ensuring the protection and prosperity of its citizens.

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Read the full article on Euronews.
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