The UK Launches Public Discussion on Crypto Regulation Bill

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The UK Treasury announced in December 2022 its intention to adopt a law regulating the cryptocurrency market this year.

This week, the financial department has launched a public discussion to choose the most optimal version of the regulatory framework.

Experts and representatives of crypto companies can participate in this discussion and express their comments and suggestions to the document. The discussion of the bill will become part of a large-scale program of the British Cabinet to create attractive conditions in the UK for the development of the blockchain industry in the country.

The UK’s Ministry of Finance believes it is necessary to create an effective system of market regulation, since its attractiveness has suffered greatly.