⚡️United Kingdom 🇬🇧: strict crypto regulation is on the horizon

⚡️United Kingdom 🇬🇧: strict crypto regulation is on the horizon

The UK is developing new legislation for digital assets in collaboration with the United States. While the European Union has already implemented its MiCA framework, the British government has emphasized that the U.S. experience in this space serves as a key reference point.

This initiative is part of a broader realignment of strategic partnerships, with the cryptocurrency sector playing a central role.

🔣 Unlike the European model, which creates a specific regime for crypto assets, the UK plans to incorporate them into its traditional financial regulatory framework. This mirrors the U.S. approach, where cryptocurrencies are typically classified as securities, and thus subject to the same rules as conventional financial instruments.

🔣 The draft law will include special provisions for stablecoins, applicable only to issuers based in the UK.

🔣 A joint task force between the UK and the U.S. is expected to be established in June, to further develop the regulation, covering exchanges, brokers, and other intermediaries in the sector.

🔣 Notable fact: around 12% of UK adults currently hold or have held crypto assets, compared to just 4% in 2021.

#news #USA #crypto #Europe #geopolitics

🏦 Payouter.com — looking for traders for processing in 🇮🇳 India: P2P, P2C, Intent. We are waiting for you