The United Kingdom no longer has the choice but to adapt to the post-Brexit times, making digital finance one of its priorities.
It has been four months since the Brexit trade deal came into effect between the United Kingdom and the European Union. The deal, in common with other free trade agreements, does very little to support the export of financial services from the U.K. into the single market. As a result, spring has seen financial services firms, including those in financial technology adjusting to different trading relations with the EU, while also managing the ongoing COVID-19 restrictions.Most notably, U.K. financial services have lost their automatic rights to service EU clients from their U.K. base, using the so-called passporting rights that U.K. firms had during the time as a member state. Passporting has been replaced by equivalence decisions. However, this is not a fair replacement. Equivalence is a unilateral
Źródło: https://cointelegraph.com/news/brexit-and-fintech-a-spring-stocktake
