In our Expert Takes, opinion leaders from inside and outside the crypto industry express their views, share their experience and give professional advice. Expert Takes cover everything from blockchain technology and ICO funding to taxation, regulation and cryptocurrency adoption by different sectors of the economy.
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The United Kingdom and the European Union failed to reach an agreement on an orderly uncoupling, which is a major geopolitical and strategic event, with global implications. Uncertainty about the outcome of the Brexit referendum has already started to weaken growth in the U.K. — which is expected to get worse[2], based on a highly classified cabinet briefing, with economic fallout in the rest[3] of the Organization for Economic Cooperation and Development countries. The International Monetary Fund said the EU could lose as much as 1.5 percent of gross domestic product from a “no-deal” Brexit, while the U.K. would suffer an even bigger hit — a 4 percent loss of national income.
Membership of the EU, including the ‘‘The EU Blockchain Observatory and Forum,” with EU’s fintech market valued at $6 billion, has contributed[4] to the economic prosperity of the U.K. ‘‘Digital technologies like blockchain can be game changers for financial services and beyond,’’ explained Mariya Gabriel, Commissioner for the Digital Economy and Society. Kay Swinburne, a member of the European Parliament (MEP), agrees on blockchain’s utility, but is nevertheless convinced[5] that London's fintech sector can ensure its future without the EU Blockchain Observatory Forum and without relying on an equivalence for mutual access to EU markets after the country leaves the trading bloc. Because, the U.K.
