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UK Unveils New Crypto Rules – Here’s How They Differ From US Regulations
The United Kingdom government has unveiled new draft legislation aimed at bringing cryptocurrency exchanges, dealers, and agents under a comprehensive regulatory framework. This move is seen as a significant step towards bolstering investor confidence and preventing nefarious activities within the crypto space.
According to recent reports, the UK’s approach diverges from that of its counterpart in Washington D.C. In particular, the exemption of overseas stablecoin issuers from domestic regulations is expected to make the UK more appealing to crypto businesses than the US.
The newly proposed rules will require these entities to register and adhere to standards for transparency, consumer protection, and operational resilience. The move also seeks to establish a regulatory framework that balances innovation with safeguarding consumers.
It appears that the UK government has taken a different stance compared to its American counterpart when it comes to cryptocurrency regulation.
Source: https://www.crypto-news-flash.com/uk-unveils-new-crypto-rules-heres-how-they-differ-from-us-regulations/?utm_source=rss&utm_medium=rss&utm_campaign=uk-unveils-new-crypto-rules-heres-how-they-differ-from-us-regulations
