UK government under fire over ‘bungled’ crypto Isas policy

The UK government faces criticism for abruptly restricting crypto investments to niche Innovative Finance ISAs starting next month, reversing earlier plans to expand access. Investors will now only hold digital assets through specialized IFISAs, limiting mainstream adoption and sparking backlash from fintech firms and retail traders. The policy shift follows regulatory concerns over consumer protection and market volatility, but critics argue the sudden change creates uncertainty and stifles innovation. Industry leaders warn the move could push investors toward unregulated platforms, undermining the government’s goal of fostering a controlled crypto market. Analysts suggest the policy reflects broader hesitation in integrating crypto into traditional finance, despite growing global adoption of digital asset frameworks.