The UK Government today outlined its plans to regulate the crypto sector.
Economic Secretary to the Treasury, Andrew Griffith said:
“We remain steadfast in our commitment to grow the economy and enable technological change and innovation – and this includes cryptoasset technology. But we must also protect consumers who are embracing this new technology – ensuring robust, transparent, and fair standards.”
Under the plans, the Government will seek to regulate a broad suite of cryptoasset activities, consistent with its approach to traditional finance.
These proposals will place responsibility on crypto trading venues for defining…
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