In brief
- The UK shared new draft legislation for crypto industry rules and regulations.
- The rules aim to promote investor confidence while protecting consumers.
- Around 12% of UK citizens owned cryptocurrency as of August 2024.
Newly published draft legislation from the UK government aims to create clear, new crypto laws to give investors confidence while protecting them in the process.
A 27-page draft document of Order 2025 of the Financial Services and Market Act 2000 and an accompanying policy explainer highlights new definitions for crypto assets like stablecoins, while bringing acts like custodying crypto assets and operating crypto exchanges into the regulatory fold.
“Through our Plan for Change, we are making Britain the best…
