HMT’s new draft crypto rules aim to clamp down on fraud ensuring stricter regulatory oversight, transparency and consumer protection while positioning the UK as a global digital asset hub

This move comes as part of the government’s broader strategy to position the UK as a global leader in digital finance while ensuring that consumers are safeguarded from the risks associated with unregulated crypto activities. Under these new regulations, firms dealing in crypto assets such as Bitcoin and Ethereum will be held to high standards of transparency, operational resilience, and consumer protection, bringing them in line with traditional…