When it comes to cryptocurrencies, Britain’s on the slow train to nowhere. That, at least, is the view of former chancellor George Osborne, and despite being a moderate crypto sceptic myself, I’m beginning to think he might have a point.
Writing in the Financial Times, Osborne tells the story of how he used Britain’s first crypto ATM, handing the “coin” he withdrew to the Treasury. All right and proper. But financially, not so smart. The bitcoin he withdrew is now worth 200 times what it was then.
