British Govt Crypto Regulation plans coming!

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Big News coming from LONDON that The U.K. government will soon reveal plans to regulate the cryptocurrency market.

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According to sources, Treasury officials have shown a willingness to understand the complexities of crypto, which derives its value from existing currencies such as the US dollar.

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The relevant department is in discussions with several firms and trade groups regarding the regulation of crypto, including the Winklevoss brothers' crypto exchange Gemini.

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British Crypto Regulation Latest News

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The Bank of England called for policymakers to expand regulatory frameworks to limit the risks posed by crypto to financial stability.

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British Finance Minister Rishi Sunak is expected to announce a new regulatory regime for crypto in the coming weeks, sources tell.

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The Govt announcement will focus in particular on stablecoins, digital assets that derive their value from existing currencies.

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The details of the crypto regulation are still being finalised. Sources say they are likely to adapt to the industry

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The FCA said that a "high number" of crypto businesses are not meeting the required anti-money laundering standards.

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Qatar 2022 token cryptocurrency give 3100 percent return in last 24 hours. See the full details below.

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