UK announces draft rules for crypto industry, US collaboration
Romain Costaseca | Afp | Getty Images
LONDON — Britain on Tuesday published draft legislation for the cryptocurrency industry, touting greater collaboration with the U.S. as it looks to regulate the wild world of digital assets.
Speaking at a fintech event Tuesday, U.K. Finance Minister Rachel Reeves announced plans for a “comprehensive regulatory regime for crypto assets,” adding that the proposals would aim to make the country a “world leader in digital assets.”
The rules will bring crypto exchanges, dealers and agents into the regulatory fold, “cracking down on bad actors while supporting legitimate innovation,” the U.K.’s Treasury department said in a statement released following Reeves’ remarks.
“Crypto firms with UK customers will…
