London unveils sweeping crypto rules, eyes regulatory ties with USA
The UK government has unveiled comprehensive draft legislation aimed at regulating cryptocurrency exchanges, dealers, and agents.
Announced by Chancellor of the Exchequer Rachel Reeves during UK Fintech Week, the proposed rules aim to enhance consumer protection, boost investor confidence, and promote innovation within the growing crypto industry.
Under the new framework, crypto firms operating in the UK will be required to adhere to stringent standards on transparency, consumer protection, and operational resilience, aligning them with the regulatory expectations of traditional financial institutions.
This move comes in response to the rapid rise in crypto adoption across the UK, where approximately 12% of adults…
