Several UK industry associations have called on the government to classify cryptocurrency as a "strategic priority"

According to Cointelegraph, several UK industry associations have sent a joint letter to Prime Minister Keir Starmer's office, calling for the appointment of a dedicated cryptocurrency envoy and the formulation of specific action plans for digital assets and blockchain technology. The joint letter was signed by six digital economy industry associations including the UK Cryptocurrency Business Committee, Global Digital Finance, Payment Association etc. They suggest following the US practice of appointing a blockchain envoy to coordinate policies and promote innovation. The industry associations also call for establishing high-level industrial-government-regulatory dialogue mechanisms and setting up special services to help high-potential companies develop. It is reported that these associations believe that cryptocurrencies and blockchain technology can bring £57.3 billion (about $73.6 billion) growth to the UK economy in the next decade, expected to contribute £1.39 trillion (about $1.8 trillion) to global GDP by 2030.