UK Government

The UK government has introduced draft legislation aimed at regulating cryptocurrency exchanges and dealers, requiring compliance with transparency and consumer protection standards. With 12% of UK adults now engaging with cryptocurrencies, this new framework is designed to foster legitimate innovation while addressing concerns about the inherent risks of crypto assets.

The UK government has announced draft legislation aimed at regulating cryptocurrency exchanges, dealers, and agents for the first time. This move seeks to enhance transparency and consumer protection in the crypto-asset sector while addressing misconduct. With a notable increase in UK adults engaging with cryptocurrencies, the legislation is expected to be finalized by the end of 2025. Critics, however, caution that regulation could foster a false sense of safety regarding these inherently risky assets.