Coinbase Sparks Momentum for UK Blockchain Petition
The United Kingdom is under pressure to set out a digital assets strategy as a petition on blockchain and stablecoins gains traction.
The petition, which began in July 2025, surged this week after Coinbase sent in-app messages urging users to “help UK lead stablecoin innovation now.”
The proposal calls for the British Standards Institution to adopt a pro-innovation framework covering:
- Stablecoin regulation
- Government service blockchain adoption
- Appointment of a national blockchain czar
As of the latest update, the petition has over 5,000 signatures. If it reaches 10,000, the UK government must respond. At 100,000 signatures, it will be considered for a full parliamentary debate. The petition will remain open until March 3, 2026.
Backers emphasize that stablecoins are at the heart of the petition, highlighting the building blocks of a tokenized economy.
Global Context: Stablecoins vs CBDCs
The United States has avoided launching a Central Bank Digital Currency (CBDC), opting instead to foster stablecoin innovation.
Supporters warn that without a national blockchain strategy, the UK risks falling behind global competitors.
Separately, another petition urging the government to ensure the City of London remains competitive has already gathered over 250,000 signatures.
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Coinbase’s Campaign for Crypto Regulation in the UK
Coinbase has previously pressed the UK on digital asset policy.
In July 2025, the exchange drew attention with a satirical video called “Everything is Fine”, mocking the UK’s inflation and poverty struggles.
Former Chancellor George Osborne, now an adviser to Coinbase, told the Financial Times that the UK is falling behind in the global race for digital assets, particularly in stablecoins.
Coinbase’s recent push reflects its ambition to become a major influence in shaping crypto policy in the UK, especially as the nation debates cryptocurrency regulation in a post-Brexit financial landscape.
