The goal is to provide certainty for the industry and push away “dodgy actors,” Reuters reported Sunday (Dec. 14), citing comments from the country’s finance ministry.
The law, set to be introduced Monday (Dec. 15), is designed to extend the country’s existing financial regulation to companies involved in the crypto space, the report said, adding that this puts the U.K. more in line with the United States than Europe in terms of regulating crypto.
A draft of the regulation has seen minor changes since its publication earlier in the year, according to the report.
The U.K. said it will work with the U.S. on the best approach to…
Dec 15 2025
