Amid the fear of losing ground to the global Fintech centers, the United Kingdom has announced new drafts of regulations for the cryptographic sector.
On April 29, 2025, The Minister of Finance, Rachel Reeves, said: “Through our plan for change, we are making Great Britain the best place in the world to innovate, and the safest place for consumers. Solid rules on cryptography will increase investors’ confidence, support Fintech’s growth and protect people.” “” ”
The United Kingdom government is now introducing a mandatory regulation for cryptographic exchanges, distributors and agents.
About 12% of the United Kingdom adults now possess or have cryptography, compared to only 4% in 2021.
However, also, people are vulnerable to scams.
So we are tightening, with new robust rules so that crypto -setes increase the confidence of investors, promote growth and protect people throughout the United Kingdom. pic.twitter.com/relzps5ZZB
– HM Treasury (@hmtreamury) April 29, 2025
It is important to note that the United Kingdom has decided to align with the US., Treating cryptographic assets as values. This marks a deviation from the EU markets frame in Crypto-Asssets (Mica), which taught effect in December 2024.
“The Foreign Minister also revealed that the United Kingdom and the United States will be the next financial regulatory work group in the United Kingdom to continue participation to support the United States and the responsible growth of digital assets,” said the United Kingdom government website.
The Government aims to finalize legislation at the end of 2025.
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The new clear rules of the United Kingdom to increase investor confidence
In addition, the Foreign Minister also revealed that discussions with the United States on the support of the use and growth of the response of digital assets are underway, since the government works with national interest to drive through the plan for change.
The Foreign Minister also announced that the Government will publish the first strategy of growth and competitiveness of financial services on July 15, together with the speech of their mansions. This will support the long -term growth of the financial services sector, with Fintech identified as a priority sector, and will help you finance investment and growth throughout the United Kingdom.
About 12% of the United Kingdom adults now possess or have cryptography, compared to only 4% in 2021.
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Industry leaders urge the United Kingdom to address urgent conerns around regulation, financing, innovation
Despite the government’s efforts, several Fintech and cryptographic executives have expressed that Conern Conern the United Kingdom is losing its competitive advantage.
“I think that the United Kingdom will achieve it well, but there is a risk if you get it, does it boost innovation to other markets,” Keith Grose, head of the United Kingdom of Coinbase, CNBC revealed on April 30, 2025.
Meanwhile, Jaidev Janardana, CEO or Digital Bank Zopa, also intervened. “If I consider the rhythm of innovation, I believe that the United States is currently ahead, despite its own set of challenges. However, when you look at places like Singapore and Hong Kong, there is significantly faster innovation,” he said.
Tim Levene, Ceo of Venture Capital firm augmentum Fintech, Said, “We’re Scrambling Around Looking for Pots of Capital in the UK, WHER VERTISNIA, VERTISNIA, EAGNANIA, EAGSNIA, EAGNANIA, EAGSNIA, EAGNANIA, VERTISNIA, EAGSNIA, EAGSNIA, EAGSNIA, EAGSNIA, VERTISNIA, VERTESNIA, EAGSNIA, EAGSNIA, EAGSNIA, EAGSNIA, FOATSNIA, FOATSNIA.
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Key control
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The new rules will require that cryptographic companies that serve the clients of the United Kingdom adhere to the established standards on transparency, consumer protection and operational requirements that are already in force for the traditional financial service.
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The Government aims to finish legislation at the end of 2025, based on proposals for the first time in 2023.
The post uk decides to align with the US. Instead of the EU on cryptographic regulation: it presents new rules that appeared first in 99Bitcoins.
