All About Major Crypto Regulation News in the UK

The United Kingdom (U.K.) has finally unveiled its long-awaited crypto and stablecoin regulations, marking a significant milestone in the crypto world

The new regulations cover crypto offerings, trading platforms, asset swapping, NFTs, and stablecoins

All fiat-backed stablecoins in the U.K. will now be governed by the 2001 Financial Services and Markets Tribunal Rules, providing much-needed clarity in this sector

Provisions have been established to manage economic failures in the crypto space and reduce their spillover effects on traditional finance

A finalized bill is expected to pass in Parliament as early as 2024, potentially granting regulatory authority to the Financial Conduct Authority (FCA).