UK Unveils Draft Crypto Regulation Framework in New Consultation Papers

today / 16:18
The U.K. government has published its consultation papers outlining draft legislation aimed at overhauling the crypto sector. The proposals include the creation of new regulated activities such as operating cryptoasset trading exchanges and implementing robust market abuse and disclosure regimes. Although the framework also addresses stablecoin issuance, the primary focus is on establishing a clear regulatory landscape for non-stablecoin digital assets. The initiative, an effort to fulfill crypto regulatory plans designed under previous administrations, signals a move toward increased clarity and investor protection. With the government consulting industry stakeholders and seeking public input, the news underscores a broader trend toward definitive regulatory measures in the crypto market, setting the stage for potential changes that could impact market operations and investor confidence.
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