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UK Cracks Down on Crypto Wild West: Draft Legislation Targets Exchange Oversight
UK Cracks Down on Crypto Wild West: Draft Legislation Targets Exchange Oversight
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London tightens the screws—new rules aim to rein in crypto exchanges with FSA-style supervision. Finally, a regulatory playbook for an industry that’s been operating like the financial equivalent of a pirate ship.
Key changes: Mandatory licensing, capital reserves, and transaction monitoring. Because apparently ’trust us, we’re decentralized’ wasn’t cutting it with the suits at Threadneedle Street.
Closing thought: Nothing says ’mature asset class’ like needing bureaucrats to hold your hand. Welcome to legitimacy, crypto—hope you kept receipts.
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