UK Confirms Plans to Bring Crypto Under Stricter Regulation
- Plans would bring activities in line with other asset classes
- Government intends legislation in 2024 to make changes
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The UK government confirmed plans to regulate cryptoasset activities more strictly, bringing them under the same regime as traditional financial services.
The government intends to proceed with legislation in 2024 to implement the changes, according to a Treasury announcement on Monday, responding to a consultation it launched earlier this year.