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UK confirms plans to regulate crypto industry with formal legislation

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The U.K. government published its response to a consultation paper issued earlier this year, which recommended how the crypto industry should be regulated.

The U.K. government published its response to a consultation paper issued earlier this year, which outlined recommendations on how the crypto industry should be regulated.

The government aims to introduce laws for the crypto industry before Parliament by 2024, according to the paper.Chris Ratcliffe | Bloomberg | Getty Images "I am very pleased to present these final proposals for cryptoasset regulation in the UK on behalf of the Government," Andrew Griffith, the U.K. financial services minister, said in a statement.

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