UK has published draft legislation for the cryptocurrency industry, aiming to become a world leader in digital assets. UK Finance Minister Rachel Reeves announced plans for a comprehensive regulatory regime for crypto assets, bringing crypto exchanges, dealers, and agents into the regulatory fold. The rules will also require crypto firms with UK customers to meet clear standards on transparency, consumer protection, and operational resilience. The UK plans to deepen regulatory cooperation with the US to boost responsible adoption of digital assets.
UK has published draft legislation for the cryptocurrency industry, aiming to become a world leader in digital assets. UK Finance Minister Rachel Reeves announced plans for a comprehensive regulatory regime for crypto assets, bringing crypto exchanges, dealers, and agents into the regulatory fold. The rules will also require crypto firms with UK customers to meet clear standards on transparency, consumer protection, and operational resilience. The UK plans to deepen regulatory cooperation with the US to boost responsible adoption of digital assets.