UK Government Advances Crypto Regulation with Draft Legislation
The UK government has unveiled consultation papers outlining draft legislation for the cryptocurrency sector, signaling a significant step toward formal oversight. The proposed framework introduces new regulated activities, including cryptoasset exchange operations and stablecoin issuance, alongside market abuse prevention measures.
Former Economic Secretary Tulip Siddiq confirmed continuity in regulatory planning despite the recent political transition. The initiative, launched under the previous administration, reflects bipartisan recognition of crypto’s growing role in financial markets.
Log in to Reply
Log in to comment your thoughtsComments
Related Articles
|Square
Get the BTCC app to start your crypto journey
Get started today Scan to join our 100M+ users