#Write2Earn On 29 April 2025, the UK government released draft legislation to regulate cryptoassets, including bitcoin, following a 2023 consultation by HM Treasury. The announcement was made by Chancellor Rachel Reeves during the Innovate Finance Global Summit (IFGS 2025) in London. This draft aims to bring various crypto activities, such as exchanges and custody services, under the UK's financial services regulation. Reeves expressed optimism that the legislation, planned for later this year, would foster investment and innovation in the digital asset sector. The UK has been slower than the EU in regulating crypto, with the EU's Markets in Crypto-Assets (MiCA) regulation taking effect in December 2024.