by: xpoolPosted on:

U.K. Tightens Crypto Rules to Combat Fraud and Promote Stability

The U.K. government has introduced new regulations for cryptocurrencies to combat fraud, protect consumers, and foster a stable cryptocurrency market. The draft regulation, spanning 27 pages, outlines stringent rules for exchanges, dealers, and agents before they can operate legally. Companies must now obtain approval from the Financial Conduct Authority (FCA) before commencing operations.

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