US EditionUK government to regulate cryptocurrencies
- On Tuesday at a fintech conference in London, UK Chancellor Rachel Reeves announced a proposal for new laws to regulate crypto-assets.
- The legislation follows industry dissatisfaction with FCA's approval processes and aims to clarify digital holdings as personal property.
- The new rules will require full authorisation for firms handling crypto trading, custody, brokerage, and stablecoins while aligning UK and US approaches.
- The FCA estimated that 12 percent of UK adults, about 7 million people, hold crypto-assets, reflecting growing interest in this technology.
- The regulations, subject to public consultation until May 23, 2025, aim to boost investor confidence, support fintech growth, and protect UK consumers.
27 Articles
27 Articles
UK government announces new legislation to regulate crypto-asset industry
Finance Minister Rachel Reeves on Tuesday announced the UK’s plans to pass legislation to properly regulate crypto-assets. As of August 2024, research released by the Financial Conduct Authority (FCA) estimated that 12 percent of the UK population, which comes up to approximately 7 million adults, own crypto-assets, signifying growing interest in the field. In place of a comprehensive regulatory framework, the FCA currently handles crypto-asset …
The United Kingdom plans cryptocurrency rules. Country wants to be “world leader”
This Tuesday, the United Kingdom published draft legislation for the cryptocurrency industry. The objective will be to become a “world leader in digital assets”. At a fintech event on Tuesday, the Finance Minister...
UK government to regulate cryptocurrencies
LONDON, United Kingdom — The UK government published on Tuesday draft legislation aimed at regulating cryptocurrencies like bitcoin and ethereum, after the European Union introduced its own framework. “Crypto exchanges, dealers and agents will be brought into the regulatory perimeter — cracking down on bad actors while supporting legitimate innovation,” the finance ministry said in a statement. “Crypto firms with UK customers will also have to m…
Ripple Says UK Regulations Hold the Key to Explosive Crypto Growth - Crypto News Flash
Ripple’s Managing Director for the UK and Europe, Cassie Craddock, emphasized the UK’s potential to become a competitive global hub for digital assets. However, limited banking access for crypto firms remains a significant barrier, with over 50% of UK-based crypto companies facing account closures or denials. Ripple is hinting at a tremendous amount of interest in increasing its footprint in the British market. This comes as the UK government is…
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