UK Seeks to Recognize Crypto as Regulated Industry

  • 📰 CoinDesk
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 63%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

NEW: Despite ongoing political turmoil, the U.K. government has proposed to extend financial regulations to comprehensively cover crypto. jackschickler reports

. Under the U.K. laws dating back to 2000, it is prohibited to carry out regulated financial activities without permission.

The measures seem likely to find favor with an industry that has been crying out for wider regulatory certainty, such has already been offered by the European Union via its Markets in Crypto Assets regulation . "The amendments enable the Treasury and FCA [Financial Conduct Authority] to introduce a full regulatory regime for crypto, a hugely positive step," Nicholas Taylor, head of public policy at crypto exchange Luno told CoinDesk in an emailed statement. Luno is owned by CoinDesk's parent company, the Digital Currency Group.hearing on the billRegulators have also been itching to extend their powers to cover crypto.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

jackschickler Hey SenWarren SenLummis BernieSanders RepTomEmmer it’d be nice if you could finally do something for once! Your partisan politics continue to hurt American Industry and investors. We continue to fall behind. You should all be fired!!!

jackschickler How it can be regulated, if the main point of this industry is that it can't be regulated

jackschickler CryptoGrid2

jackschickler Need $ss since £ 📉

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 291. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines