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