UK plans to regulate Crypto Currency
16/05/2023

The UK government is consulting on a regulatory regime to control the crypto market, with proposed rules strengthening transparency and disclosure requirements, as well as holding trading venues responsible for market abuse. The proposed model would apply to UK-based operators and those providing services to UK customers. It would also establish a regime to monitor crypto lending, regulate trading, and investment in cryptoassets, and introduce anti-abuse rules. A time-limited exemption will be granted to Financial Conduct Authority (FCA) authorized cryptoasset firms for their own promotions, while the broader regulatory regime is being introduced.

House of Commons Research Briefing