New Announcement on Cryptocurrency Regulations from the UK
On April 29, the UK Treasury and Chancellor of the Exchequer Rachel Reeves proposed new regulations for cryptocurrencies, aimed at supporting innovation while tightening controls on fraudsters. This new regulatory round will apply to cryptocurrency exchanges, dealers, and brokers, bringing them into the proper legal framework, amid many residents being scammed by risky and fraudulent companies.
The UK government has discussed with US officials, including the proposal for a cross-border UK-US Sandbox from the US Securities and Exchange Commission. This announcement sends a clear signal that the UK welcomes business but will not tolerate abuse, fraud, and instability.
The government will soon issue laws regarding cryptocurrency assets, after discussions with the industry about draft regulations. This development is ongoing and will be updated with more information in the coming time.
Note: This information is provided for market information purposes only and does not constitute investment advice.
Source: https://tintucbitcoin.com/quy-dinh-tien-dien-tu-moi-tai-anh-chong-lua-dao/
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