UK Looks to Traditional Finance to Inform Crypto Regulations
- Crypto exchanges to define listing requirements, Treasury says
- Proposed rules include crypto custody, lending, market abuse
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The UK intends to regulate cryptoasset activities including trading, lending and custody under the same regime as traditional financial services.
The government is opening a consultation on a series of sweeping new rules for the crypto sector, the country’s Treasury department said in a statement on Tuesday. The proposed guidelines would include a requirement for exchanges to write detailed requirements on admission standards and disclosures for token issuers when listing new assets.