government UK It was announced on Tuesday (29), which is a set of new rules for the encryption sector, aimed at “giving confidence to investors and protecting consumers”, according to a statement from treasure British.
During the event London marked Fintech Week in the United Kingdomminister finance From the country, Rachel ReevesIt revealed that the country published a proposal for legislation to regulate digital assets as Bitcoin and ethereum.
Measures part of “”Change plan“A broader initiative to enhance Economic growth.
According to the British government, currently, 12 % Of adults in UK Indeed or they have a recycling, in front 4 % in 2021. “But often, consumers are exposed to companies and risk of strikes,” the statement says.
It will bring the new rules To the interior of the regulatory scope “Bridals, agents, and encryption trading platforms, seek to curb fraud, and at the same time support”Sharia innovation“.
Companies that provide services to British customers must follow clear criteria for “”Transparencyand Consumer protection and Operating flexibility“Similar to those required in the traditional financial sector.
the UK Also discuss with US Ways to encourage responsible use of digital assets.
Reeves mentioned the talks with a minister treasure American, Scott PesinAnd he revealed that both countries carry out proposals such as the creation of “Hallow sand boxFor digital assets.
“We are making UK “The best place in the world is to innovate and safer for consumers,” Reeves said. Today's announcement sends a clear message: UK It is open to work, but it is closed to fraud, ill -treatment and instability. “
The government intends to publish the final version of the legislation “In the first opportunityAfter consulting with the sector.
Charlotte Whitmore is a contributor at Mediarunsearch.co.uk, covering a broad range of topics including news, politics, business, technology, sport, entertainment, and lifestyle. She focuses on delivering clear, balanced reporting and practical information that helps readers stay informed about current events and emerging developments. Her work highlights stories that matter to everyday audiences, with an emphasis on accuracy, relevance, and accessible journalism that keeps readers connected to the issues shaping the UK and beyond.