Market Cap: $2,445,931,335,067
24h Vol: $102,115,560,751
Cryptocurrencies: 28621
Markets: 116306
Cryptocurrencies: 28621
Markets: 116306
Market Cap: $2,445,931,335,067     
24h Vol: $102,115,560,751
Seeking Alpha 2023-02-01 12:58:36

U.K. government outlines plan to regulate cryptocurrency

U.K. government outlines plan to regulate cryptocurrency
The U.K. government is fastening the seat belt to bring the cryptocurrency industry under financial services regulation. The Treasury said late on Tuesday it would unveil a series of proposals to "regulate a broad suite of cryptoasset activities, consistent with its approach to traditional finance." The move follows a turbulent year in the crypto space where billion dollar funds were stuck and the value of the 500 biggest crypto tokens tanked by ~$1.7T. Note that last year, Rishi Sunak, then Chancellor of the Exchequer, said he wanted to make the U.K. "a global hub for crypto-asset technology". The U.K. Treasury will seek rules for companies that facilitate crypto transactions and safeguard customer assets, as well as tougher transparency requirements.
esptco-banner img
Latest News

Videos

  • What is a Bitcoin Wallet? How Bitcoin Wallets Work? Public & Private Key Explained!

  • Bitcoin Halving Explained: Why It Is So Important?

  • What is Bitcoin (BTC) & How it Works? Simply Explained!

  • 0x (ZRX): What is 0x? (ZRX) (EXPLAINED)

Our Partners

Hashing Ad Space
Inbound Junction
Magic Logix
Asimi
Crypto Marketing Agency, FINPR
Chainwire