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Romain Costaseca | AFP | Gets the image
London – Britain on Tuesday published a draft legislation for the cryptocurrency industry, outlining more cooperation with the US, as it is supposed to regulate the wild world of digital assets.
Speaking at the Fintech event on Tuesday, UK Finance Minister Rachel Reivz announced plans for a “comprehensive regulatory regime of the crypt”, adding that the proposals will be aimed at making the country “world leaders in digital assets”.
The rules will lead to the crypto -exchange, dealers and agents into the normative composition, ” – splitting into bad actors, supporting legal innovation,” the Treasury said in a statement after Riva’s comments.
“Crypto -officials with UK customers must also meet the exact standards of transparency, consumer protection and operational stability – just as firms in traditional finances,” the Treasury said in a statement.
Riviz said the UK planned to deepen normative cooperation with the US to increase the “responsible” acceptance of digital assets. “In order for the UK to be the world leader in digital assets, international cooperation is vital,” she told the participants of the Fintech Group Innovate Finance.
Last week, the UK Finance Minister met with his colleague, Scott Black to discuss the trade transaction. Earlier, she said that improving the business connection with the European Union was “perhaps even more important.”
“Regulation should support business rather than restraining it,” Reivz said on Thursday.
Crypto Industry insiders note that the financial behavior power is a guardian about the UK financial services – it was too restrictive when it comes to approving the registration of digital assets.
FCA is a regulator that is responsible for registration of firms who want to provide krypto -services as part of money laundering rules
