By Gabriel Bueno da Costa, from Estadão Content
Government United kingdom It states that it will make “ambitious plans” to organize activities “aggressively” with it encryptedThis is to give more confidence and clarity to consumers and businesses alike.
This Wednesday, February 1, the administration released proposals for consultation on this front, which include Rules to promote cryptocurrency trading platforms and a “robust” system for regulating lending in the sector.
The British government says in a statement that its guidelines It can give direction to financial services by embracing technological change and innovationIn implementation of the Prime Minister’s plan, Rishi Sunakso that the economy grows.
It promises “ambitious plans” to protect consumers and make the economy grow, with strong regulation in the cryptocurrency sector.
The British Treasury’s economic minister, Andrew Griffiths, stated in the note that the proposals to regulate activities in this segment Conform to the traditional finance approach.
The proposals include strengthening rules for financial intermediaries and custodians, who will be responsible for facilitating transactions and securely storing client assets.
What are cryptocurrencies? See the video below:
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Today, the United Kingdom opened a consultation on the topic of crypto assets, by releasing a report outlining possible future regulatory measures.
This consultation period will last until 30 April, when comments received will be evaluated and the government will work to respond to them.
From now on, the Financial Conduct Authority will consult on the detailed rules for 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.