UK unveils draft crypto laws
The UK government has published draft legislation that will bring crypto firms into the regulatory perimeter.
Editorial
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Unveiled by Chancellor Rachel Reeves, the rules are designed to promote innovation in the sector, boost investor confidence and crack down on fraudsters.
Around 12% of UK adults now own or have owned crypto, up from just four per cent in 2021. But the regulatory environment has yet to properly catch up, too often leaving consumers exposed to risky firms and scams, says the government.
Under the new rules, crypto exchanges, dealers and agents will be brought into the regulatory fold….
