According to online reports, former British Chancellor of the Exchequer George Osborne launched a fierce attack on the Labor government's treatment of cryptocurrencies, warning that the UK risked missing out on a "financial reform of the 1980s" and falling behind. Trend. Osborne, who is now a member of the global advisory board of U.S. cryptocurrency exchange Coinbase, said Chancellor Reeves and Bank of England Governor Bailey are putting the UK in the slow lane. Osborne said: "Rachel Reeves is right, we have all become too risk averse. We have become the world's financial center because we are not afraid of change." "With cryptocurrencies and stablecoins, as with so many other things, the cruel truth is this: we are completely left behind. It's time to catch up." Osborne said accusing regulators of being overly cautious was a "flimsy excuse" and that Reeves should follow the U.S. Congress and legally enact a crypto framework. He warned that places such as the United States, the European Union, Singapore and Abu Dhabi were all ahead of Britain. (British Financial Times)