UK Reveals Plan to Regulate Crypto Trading and Lending

The UK government introduced a new crypto regulatory framework via a consultation paper published by the Treasury on Wednesday with stricter rules for investing and trading.

Top of the agenda for the government is to introduce a regime to regulate crypto more broadly. The paper takes a stab at designing a regime that covers crypto service providers, lending platforms, prudential requirements, consumer protection, crypto issuances and disclosures, preventing market abuse and more.