UK Chancellor Vows to ‘Back the Builders’ with New Crypto Regulations Aimed at Transparency and Consumer Protection
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In a move poised to reshape the UK’s digital asset landscape, Chancellor of the Exchequer Rachel Reeves announced on Tuesday that crypto firms will soon face the same regulatory standards as traditional financial institutions.
Reeves, speaking at the Innovate Finance Global Summit in London, declared her intention to “back the builders” of the fintech and crypto space while ensuring strong consumer protections.
The new regulatory framework, expected to become law later this year, aims to support legitimate crypto enterprises while introducing heightened requirements for transparency and consumer safety. According to the…
