UK Unveils Draft Crypto Rules, Will Meet US Regulators in June and Issue Competitiveness Plan on July 15

The UK Treasury has released draft legislation that would bring cryptoassets fully inside the country’s regulatory perimeter. Published on 29 April, the proposal designates new regulated activities, including operating cryptocurrency trading venues, dealing and arranging transactions in digital assets, and issuing stablecoins. Companies serving UK customers would be required to meet standards on transparency, consumer protection and operational resilience. Chancellor of the Exchequer Rachel Reeves, speaking at the Innovate Finance Global Summit in London, said robust rules will boost investor confidence, safeguard consumers and support the expansion of the nation’s fintech sector. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Source: The Defiant