News

UK Government Finalizing A New Crypto Regulations

The UK government is anticipated to publish new laws limiting the selling and marketing of cryptocurrency assets, according to The Financial Times report.

The Treasury is finalizing proposals for comprehensive measures to control the crypto company, including limits on foreign companies selling into the UK, mechanisms for dealing with company failures, and curbs on product promotion.

After the implosion of FTX injected new urgency into the government’s promise to impose order on finance’s “wild west,” ministers will soon launch a consultation on the new regulatory regime.

Regulators will have expanded ability to control the industry, including a ban on crypto-related ads by businesses headquartered outside the UK. The Financial Conduct Authority will also keep an eye on how cryptocurrency businesses operate.

The new powers will be added to legislation that is already before the legislature. The Financial Services and Markets Bill, which includes provisions establishing stablecoins and crypto assets, is intended to influence the UK’s financial industry post-Brexit.

Leaders in the cryptocurrency business have long advocated for a more comprehensive framework in the UK, comparable to the European Union’s Markets in Crypto-assets (MiCA) regulation or some of the other schemes being explored in the United States.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

Coincu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.

Recent Posts

The Best Crypto for Passive Income? 10% Weekly Gains and 20% Final Surge—Qubetics Mirrors Cosmos’ Early Success!

There’s always that one coin people wish they hadn’t overlooked. For many, Cosmos ($ATOM) is…

11 minutes ago

Cosmos Developer Interchain Foundation Sold 3000 ETH Today

Cosmos Developer Interchain Foundation sold 3000 ETH from its ICO today, totaling 21,600 ETH sold…

1 hour ago

Zircuit Launches ZRC Token: Pioneering the Next Era of Decentralized Finance

George Town, Grand Cayman, 22nd November 2024, Chainwire

1 hour ago

Inflation Warning By Vanguard Amid Tariffs And Labor Issues

Inflation Warning by Vanguard highlights risks during Trump’s term, citing tariffs and tighter labor markets…

2 hours ago

Clanker Token Trading Volume Hits $59.8 Million High On November 21

Clanker token trading volume hit $59.8M on Nov 21, accounting for 14.75% of PumpFun. Fee…

2 hours ago

Bitcoin Spot ETF Inflows Hit $1 Billion Led By BlackRock

Bitcoin Spot ETF inflows hit $1.005B on Nov 21, led by BlackRock’s $608M and Fidelity’s…

2 hours ago

This website uses cookies.