{"id":325172,"date":"2025-12-19T19:23:08","date_gmt":"2025-12-19T19:23:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/325172\/"},"modified":"2025-12-19T19:23:08","modified_gmt":"2025-12-19T19:23:08","slug":"uk-must-move-faster-on-web3-regulation-or-lose-global-talent-lord-holmes-says","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/325172\/","title":{"rendered":"UK Must Move Faster On Web3 Regulation Or Lose Global Talent, Lord Holmes Says"},"content":{"rendered":"

The United Kingdom risks losing Web3 and gaming talent to overseas jurisdictions unless it delivers a clearer and more enabling regulatory framework, according to a senior British lawmaker who warned that regulatory inertia could undermine the country\u2019s ambitions to become a global technology hub.<\/a><\/p>\n

What Happened<\/p>\n

Speaking at a House of Lords roundtable on decentralized digital economies and UK growth, Lord Chris Holmes said the government must move faster to establish \u201cthe right regulatory landscape\u201d to ensure Web3 innovators choose to build in the UK, particularly in the gaming sector, which he described as a major growth opportunity for the economy.<\/p>\n

He further said the country was operating in a \u201cglobally competitive environment\u201d and warned that unclear regulation risks pushing talent elsewhere.<\/p>\n

\u201cImagine what we could do in terms of gamers, builders, developers and connectors if we had real meaningful practical digital inclusion,\u201d he said, adding that the UK is \u201cin a great position because we have a strong technology ecosystem, not just in London but in the four nations of the UK we have great creators and great potential.\u201d<\/p>\n

Lord Holmes pointed to gaming as a key pillar of future economic growth, arguing that Web3-enabled gaming could support job creation, skills development, and broader participation in the digital economy.<\/p>\n

\u201cWe have a huge opportunity with gaming to make it an expanding part of our economy,\u201d he said. \u201cIt\u2019s such an area of growth. People can be empowered, can learn, are engaged and can be part of numerous companies. They can drive economic benefits and earn while they play.\u201d<\/p>\n

Why It Matters<\/p>\n

However, he warned that failure to act would have direct economic consequences.<\/p>\n

\u201cThe flip side is if we don\u2019t get involved people disappear and a huge part of the economy is left behind,\u201d Lord Holmes said.<\/p>\n

Also Read: Messari Warns Layer-1s Will Keep Losing Ground To Bitcoin In 2026<\/a><\/p>\n

The comments come as the United Kingdom prepares to finalize a draft regulatory framework for crypto assets by early next year. At the same time, Prime Minister Sir Keir Starmer has repeatedly outlined plans to make the UK an AI and technology \u201csuperpower,\u201d positioning the digital sector at the center of the government\u2019s economic growth strategy.<\/p>\n

Lord Holmes said those ambitions must be backed by legislation that enables innovation rather than slowing it down. \u201cWe have a government which talks incessantly about economic growth and it\u2019s right to do that but if you\u2019re going to talk about that you need to put legislation in place which is enabling and empowering that growth agenda,\u201d he said.<\/p>\n

He rejected the idea that regulation and innovation are mutually exclusive. \u201cWe need to smash the myth that you can either have innovation or regulation but can\u2019t have both. That\u2019s complete nonsense,\u201d Lord Holmes said.<\/p>\n

\u201cThe right sized regulation is good for all of us. Well-thought through principles-based regulation which does exactly what it says it should do and no more is the answer.\u201d<\/p>\n

Lord Holmes said that with the right approach, the UK could scale entire digital ecosystems rather than losing ground to international competitors. \u201cWe could be expanding whole ecosystems \u2013 it\u2019s a globally competitive environment,\u201d he said.<\/p>\n

Lord Holmes, a nine-time Paralympic gold medallist, has served in the House of Lords for 12 years and has been closely involved in digital policy, including work on fintech, financial inclusion, and technology-related legislation.<\/p>\n

Read Next: Charles Hoskinson Says Trump\u2019s Meme Coin \u201cBlew Up\u201d Bipartisan Crypto Regulation Effort<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"The United Kingdom risks losing Web3 and gaming talent to overseas jurisdictions unless it delivers a clearer and…\n","protected":false},"author":2,"featured_media":325173,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[59,57,58,50,56,54,55],"class_list":["post-325172","post","type-post","status-publish","format-standard","has-post-thumbnail","category-united-kingdom","tag-gb","tag-great-britain","tag-greatbritain","tag-news","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/325172","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=325172"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/325172\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/325173"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=325172"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=325172"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=325172"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}