#AirdropSafetyGuide United Kingdom tightens cryptocurrency regulations to promote Web3

The UK government is planning to issue new cryptocurrency regulations aimed at promoting the development of the domestic Web3 industry while protecting consumers. The new policies will be developed through dialogue with US partners, including Scott Bessent.

However, the cryptocurrency community has reacted cautiously to this news, especially as the UK Treasury continues to emphasize its strong commitment to addressing wrongdoing. Despite learning from the US model, the UK appears to have no intention of adopting a 'relaxed' approach to regulation.

Cryptocurrency regulations in the UK are changing

As many countries around the world pursue a more open policy towards cryptocurrency, the US stands out with bold reforms. The newly dedicated team of the US Securities and Exchange Commission (SEC) is actively engaging with business leaders while prioritizing the establishment of a legal framework for stablecoins.