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UK plans for crypto regulation provide welcome clarity
In November, Tulip Siddiq MP, economic secretary to the Treasury, set out the UK government’s approach to regulating cryptoassets and the Financial Conduct Authority published its accompanying Crypto Roadmap. These announcements were made against a background of increased consumer awareness and investment in cryptoassets (around 7m UK adults own crypto), as well as broader industry engagement by the FCA. Both the speech and roadmap provide welcome clarity for the year ahead. The government plans to engage firms on draft legal provisions for the cryptoasset regime as early as possible in 2025. The FCA has set out a ... (full story)