Addressing the Need for Regulation and Retention of Crypto Firms in the U.K.

Thursday, 27 June 2024, 16:26

The impending formation of the U.K.'s next government brings to attention the pressing issue of regulation and retention of crypto firms. The Labour party's lack of stance on digital assets calls for immediate policy changes to embrace innovation. Laura Navaratnam from the Crypto Council for Innovation emphasizes the essential need for regulatory clarity and support to retain crypto firms in the U.K. market.
CoinDesk
Addressing the Need for Regulation and Retention of Crypto Firms in the U.K.

Regulating Crypto Firms

The U.K.'s next government is urged to act swiftly to regulate and retain crypto firms.

Labour Party's Position

  • Lack of Stance: The Labour party has not taken a clear position on digital assets.

Immediate Policy Change: Urgent measures are required to adapt to the evolving crypto landscape.

Regulatory Clarity: Clear policies are crucial for the sustainability of crypto firms in the U.K.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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