UK Government Finally Releases Comprehensive Draft Legislation for Bitcoin and Crypto Firms
The UK government has finally released a comprehensive draft legislation aimed at regulating the services of Bitcoin and crypto-focused firms.
The announcement came today, April 29, during a summit held in London as part of UK Fintech Week. Chancellor Rachel Reeves presented the new rules, which look to encourage innovation in the digital asset scene while ensuring investor protection and market integrity.
UK Government Presents Bitcoin and Crypto Regulation Draft
Notably, the proposed regulations mark a step forward in the government’s broader “Plan for Change” economic initiative. These rules will now formally bring crypto firms, ranging from exchanges to service agents, under the same regulatory expectations as traditional…
