On April 29, 2025, the UK Treasury unveiled a sweeping plan to regulate the cryptocurrency sector for the first time under formal financial rules. The initiative aims to foster innovation while ensuring robust consumer protections.
Under the proposal, crypto exchanges, brokers, and custodians serving UK clients will be required to meet high standards for transparency, operational resilience, and financial safeguarding.
đ Details via Reuters
The UK governmentâs approach contrasts with stricter regulatory environments elsewhere by emphasizing support for legitimate players in the industry. The rules are part of the UK's broader strategy to make London a global center for digital assets.
Recent data shows that 12% of UK adults now own or have owned cryptocurrencies like Bitcoin or Ethereumâa sharp rise from 4% in 2021, indicating growing mainstream adoption.
đ Crypto adoption statistics via City A.M.
Officials highlight that balanced regulation is crucial to protect investors while encouraging innovation and competitiveness in the global crypto economy.
