Crypto Regulation on the Horizon: UK Govt Pushes for Clarity
- The UK government has unveiled a new regulatory program for crypto following Brexit.
- The public consultation period for crypto regulation in Britain ends on April 30.
- Caution has been urged within the crypto industry due to potential timeline uncertainties.
The UK government is poised to leverage Brexit to establish a distinct regulatory framework for the crypto industry, which could be enshrined in law within the next 12 months, as revealed by Andrew Griffith, the Economic Secretary to the Treasury.
“We’ve regained control of our rulebook, a feat the UK has not achieved in decades,” Griffith expounded in an exclusive interview with CNBC, alluding to Britain’s separation from the European Union.
“This newfound autonomy empowers us to respond with agility and proportionality. I’m particularly eager to maximize this opportunity.”
Brexit
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