CryptoUK today published a detailed response to His Majesty’s Treasury’s (HMT) Future Financial Services Regulatory Regime for Cryptoassets consultation paper.
CryptoUK, the trusted voice of the crypto industry in the United Kingdom, published a detailed response to His Majesty’s Treasury’s (HMT) Future Financial Services Regulatory Regime for Cryptoassets consultation paper.
Consultation proposals included strengthening rules for cryptocurrency trading platforms and a robust world-first regime for crypto lending. The consultation began in February and will close on 30 April 2023. Following its closure, the UK government will consider feedback and work to formulate a response to consolation proposals.
Su Carpenter, Director of Operations at CryptoUK, commented on the consultation, saying:
“We believe that a regulatory regime for cryptoassets is key to enabling the UK to be competitive as a destination for the fast-growing cryptoasset market.”
Adding:
“We support the ‘sa
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