The UK has published a draft legislation to regulate crypto assets, bringing cryptocurrency exchanges and other institutions into the regulatory system

According to Foresight News, at the important summit of the UK FinTech Week held in London, the UK Chancellor of the Exchequer revealed that the UK has published a legislative draft for regulating crypto assets. Under the new regulations, cryptocurrency exchanges, traders, and agents will be brought under regulatory oversight, with strict crackdowns on violations while supporting legal innovations. Crypto companies with customers in the UK must also meet clear standards for transparency, consumer protection, and operational resilience, just like traditional financial companies. The Chancellor also disclosed that the UK and the US will continue to collaborate through the soon-to-be-established UK-US Financial Regulatory Working Group to support the use and responsible growth of digital assets.