The United Kingdom's progress in establishing a comprehensive crypto regulatory framework is too slow to support its ambitions of becoming a global digital asset hub, according to Andrew MacKenzie, CEO of Agant. While the government aims to position London as a center for crypto activity, legislation governing stablecoins and broader crypto activities is not expected to be enacted until 2027. MacKenzie emphasized the need for faster regulatory clarity to maintain global competitiveness. Agant, a London-based company, recently secured registration with the Financial Conduct Authority (FCA), a process known for its rigor. The firm plans to issue a pound sterling stablecoin, GBPA, aimed at institutional payments and tokenized assets. MacKenzie highlighted constructive engagement with UK regulators, noting their willingness to adapt regulations if justified. He argued that stablecoins could enhance sovereign monetary reach and increase competition in financial services, urging banks to adapt to the evolving landscape.