UK Takes Aim at Global Crypto Leadership with New Regulatory Framework

Finance Minister Rachel Reeves has unveiled a comprehensive regulatory proposal aimed at bringing crypto businesses under the same scrutiny as traditional financial institutions in the UK. The new framework, part of the upcoming Cryptoassets Order 2025, establishes six key areas of regulation for crypto, covering trading, custody, staking, and related services. This approach differs from the EU’s MiCA framework, which leans toward a lighter regulatory model. Instead, the UK’s focus leans on securities-style rules with capital requirements, governance standards, and strict compliance measures.