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UK Government Advances Crypto Regulation with Draft Legislation
UK Government Advances Crypto Regulation with Draft Legislation
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The UK government has unveiled consultation papers outlining draft legislation for the cryptocurrency sector, signaling a significant step toward formal oversight. The proposed framework introduces new regulated activities, including cryptoasset exchange operations and stablecoin issuance, alongside market abuse prevention measures.
Former Economic Secretary Tulip Siddiq confirmed continuity in regulatory planning despite the recent political transition. The initiative, launched under the previous administration, reflects bipartisan recognition of crypto’s growing role in financial markets.
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