The former CEO of the London Stock Exchange sees cryptocurrencies as an opportunity for the UK

The former CEO of the London Stock Exchange sees cryptocurrencies as an opportunity for the UK
  • Xavier Rolet, former CEO of the London Stock Exchange and current CEO of CQS, recommends that the British government take an interest in cryptocurrencies.
Big Ben clock tower and Thames river London

A world-renowned financier, entrepreneur and director of several major financial institutions and companies, Xavier Rolet has written a report acknowledging the need to understand cryptocurrencies and their importance to the UK.

Xavier Rolet, as former CEO of the London Stock Exchange, addressed this report to Shore Capital’s head of research Clive Black and the broker’s senior political adviser Matthew Elliott, Elliott is also known for campaigning for Brexit.

In this report, reproduced by Bloomberg, Xavier calls on the United Kingdom to immediately consider two opportunities, namely SPACs (special purpose acquisition companies) and digital currencies.

Regarding digital currencies, Xavier said:

All the relevant U.K. government agencies should be resourced to thoroughly understand cryptocurrencies,

Regulation should be enacted to place London and the U.K. at the center of a reputable and safe financial market.

In the report, Rolet also calls on London to align regulatory control with the US and Chinese capital markets and to move faster in this area than the European Union.

Read also: 50% of Americans and 42% of Britons think cryptocurrencies are safe

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