Background
Crypto has become an asset over a longer period of time than many people realise, and therefore it has positioned itself as something that’s mainstream and is now interesting to a lot of different people.
Actor/s
There is no single authority or source for Crypto as its inherent nature is to be free from constraints.
However, there are experts and emerging groups that can comment on it because they have legitimacy in doing so. The UK has no such participation in these.
Argument
The argument of Crypto is that it offers a range and variety of financial products that carry less risk than those inherent in others.
Plan
The UK has never adopted a plan to ingratiate Crypto into its mainstream financial structure, in part because it has no plan to do so.
Outcome
The UK acknowledges the need to legislate any financial flows and to oversee all regulation by a centralised way of governing.
It has no insight into alternative structures made by people to satisfy their own financial motivations.