UK Government Releases Draft Crypto Rules

The U.K. government released its consultation papers on draft legislation for the crypto sector.

“This will see the creation of new regulated activities such as operating a cryptoasset trading exchange and stablecoin issuance, as well as market abuse and admissions and disclosures regimes,” the Governments website said on Tuesday.

The country launched a consultation on the crypto regime when the Conservatives were still in power in 2023, despite Labour coming into power last year, its former Economic Secretary Tulip Siddiq said that the Government intended to ensure that most of all the previous governments crypto plans will be fulfilled.