The UK government has released a draft regulation outlining rules for cryptocurrency exchanges. Chancellor Rachel Reeves unveiled this measure as part of the UK’s fintech strategy during UK FinTech Week. The plan aims to integrate crypto exchanges into the existing financial regulatory framework, requiring them to adhere to new regulations and boosting investor confidence while protecting consumers. Key points**: This legislation covers major cryptocurrencies like Bitcoin and Ethereum, alongside stablecoins. Exchanges will need to comply with rules on operating and holding customer funds. The draft is a significant step towards aligning UK standards with the EU’s MiCA framework, similar to the measures in place for traditional financial markets. This move seeks to prevent market abuse and fraud related to digital currencies.