UK Drops Long-Awaited Crypto Rulebook—Brace for Compliance Chaos or Clarity?

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2025-04-29 14:51:47

UK Government Finally Releases Comprehensive Draft Legislation for Bitcoin and Crypto Firms

After years of regulatory limbo, the UK Treasury finally unleashed its draft crypto framework—and the industry’s already sweating the fine print.

Key takeaways: Stablecoins get top billing, DeFi escapes the worst (for now), and every firm must now kiss the ring of the FCA. Expect KYC trenches deeper than a Bitcoin bear market.

City suits are calling it ’balanced.’ Crypto natives whisper ’death by 1,000 compliance cuts.’ Meanwhile, TradFi banks quietly update their ’blockchain strategies’—right after finishing their third espresso.

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