UK Unveils Draft Crypto Rules to Regulate Exchanges and Protect Investors

BTCC / BTCC Square / Global Cryptocurrency /

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2025-04-30 03:47:01

The UK government has introduced draft legislation aimed at regulating cryptoassets, bringing exchanges, dealers, and custody providers under existing financial services laws. Chancellor Rachel Reeves announced the move during UK Fintech Week, framing it as a measure to boost investor confidence in digital assets. The proposal amends the Financial Services and Markets Act 2000 to explicitly cover crypto activities.

Adoption metrics underscore the timing: Crypto ownership among UK adults tripled from 4% in 2021 to 12% this year according to FCA research. The regulatory push coincides with transatlantic coordination plans, as UK and US authorities explore joint frameworks for digital asset oversight.

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