cryptoupdate
Contributor
The UK government has announced its intention to regulate crypto assets as a means of combating economic crime.
The United Kingdom (UK) government recently released a policy paper outlining its plan to regulate crypto assets in a "robust" manner. The move is part of the government's economic crime plan from 2023 to 2026, which aims to prevent the illicit use of digital assets and make the UK an attractive destination for crypto assets and innovation.The government's plan to regulate crypto assets is a positive development for the industry as it creates a more transparent and secure environment for businesses and consumers.
By preventing the use of digital assets for illegal activities, such as money laundering and terrorism financing, the government can build trust in the industry and encourage more investment. The policy paper also highlights the need to combat the shift of crypto transactions to less regulated exchanges and services in other jurisdictions...READ MORE