London Needs Blockchain to “Stay Relevant”, Says Prominent MEP


The UK’s pending exit from the European Union has left some politicians with a sense of uncertainty about London’s future as a leading financial center. Kay Swinburne, a Member of the European Parliament (MEP) for Wales, spoke to Business Insider about an idea that could ensure the City of London remains a European stronghold of financial technology.

“For me, this whole distributed ledger technology, we have to embrace it. The UK post‐Brexit: how does the City of London stay relevant? The City of London stays relevant by suddenly becoming the proponents of the new technologies and not just patching existing systems to make them work post‐Brexit, actually leapfrogging,” she said.

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