#稳定币发展# Reflecting on the wave of financial reforms in the 1980s, one can't help but marvel at how history is always strikingly similar. Back then, the UK seized the opportunity and established the position of London as a financial center. Today, the development of Crypto Assets and stablecoin is akin to the financial innovations of that time, nurturing enormous opportunities.

Seeing the warning from former Chancellor Osborne, I couldn't help but think of the changes in the global Crypto Assets landscape observed over the past few years. The United States, the European Union, Singapore, and other regions have indeed taken the lead in regulatory frameworks, while the UK appears hesitant. This reminds me of how the differences in regulatory attitudes among countries during the 2017 ICO boom influenced subsequent industry development.

The UK was once a pioneer of financial innovation, but now it has fallen behind in the crypto space, which is truly lamentable. Over-caution can indeed lead to missed opportunities, just like companies that missed the internet wave back in the day. However, finding a balance between regulation and innovation is by no means easy; it requires vision and courage from decision-makers.

I hope that the UK can learn from history, leaving room for innovation while protecting investors' interests. After all, the competition in financial technology is already global, and any hesitation may lead to being left behind. Observing the games played by various countries in this field will undoubtedly be one of the most noteworthy topics in the near future.