UK Aims to Dominate Digital Finance With Bold Crypto Regulation Blueprint
The United Kingdom is positioning itself as a global leader in digital finance with a comprehensive regulatory framework for cryptocurrencies. Officials are drafting legislation that would subject crypto firms to stringent standards akin to traditional finance, diverging from the EU’s more lenient MiCA regulations.
The proposed rules introduce six new regulated activities, bringing trading, staking, and custody services under the Financial Conduct Authority’s oversight. Disclosure requirements, capital buffers, and governance mandates will be imposed on market participants. Circle’s Dante Disparte has endorsed the UK’s clarity-driven approach.