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UK Treasury drawing up new rules to police cryptocurrency markets
Theguardian.com and 3 more
- Britain will start regulating cryptoassets from October 2027, the finance ministry said on Monday, rules it hopes will give the industry certainty while keeping out dodgy actors.
- The changes mooted by the Treasury will bring companies that provide crypto services into the remit of the FCA and mean the services are regulated in the same way as other financial products, including by being subject to transparency standards.
- Chancellor Rachel Reeves said: “Bringing crypto into the regulatory perimeter is a crucial step in securing the UK's position as a world-leading financial centre in the digital age.”
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