The United Kingdom Announces Plans for New Crypto Regulations.
27 Feb 2023, 08:01
The United Kingdom Announces Plans for New Crypto Regulations
The United Kingdom and its finance ministry is planning to lay the groundwork for new digital currency regulations following the collapse of popular digital currency exchange FTX.
The United Kingdom Doesn’t Want Another FTX in the BooksFinancial Services Minister Andrew Griffith commented in a recent interview:
Our view is that this reinforces the case for clear, effective, timely regulation and proactive engagement with [the] industry. This includes a proposal to bring centralized crypto asset exchanges into financial services regulation for the first time, as well as other core activities like custody and lending.