Treasury sets out plans to regulate crypto

‘World-first regime’

Eve Maddock-Jones
clock • 2 min read

The UK Treasury has revealed its “ambitious” plans concerning long called for cryptocurrency regulation, placing much of the responsibility on crypto trading platforms.

In a statement released today (1 February) the government body said the plans will provide "clarity to consumers and businesses" on the speculative asset. Under the plans, crypto platforms would become responsible for defining the demands that a currency must meet before being admitted for trading. The exchanges will also be responsible for safely facilitating transitions and keeping customers' assets secure. Ex-chancellor Philip Hammond takes role at crypto firm This would be "a robust world-first regime for crypto lending", the Treasury said, although all proposals will be sub...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now


Already an Investment Week


More on Regulation