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UK may soon become safe haven for crypto
The United Kingdom is entering a pivotal moment in its financial evolution. According to industry experts, the country is now positioned to become a safe haven for cryptocurrencies. It is a rare distinction and a great responsibility.
UK Chancellor of the Exchequer Rachel Reeves recently unveiled a plan to establish a comprehensive regulatory framework designed to make the UK a global leader in digital assets. Analysts say the adoption of the new rules could transform Britain into a secure and trusted hub for crypto innovation, a major milestone for the industry.
Under the proposed framework, cryptocurrency exchanges, dealers, and agents would be subject to the same regulatory standards as traditional financial firms. This includes equivalent requirements on transparency, consumer protection, and operational resilience.
According to the UK Treasury, the 2025 Financial Services and Markets Act will introduce six new categories of regulated activity, including digital asset trading, custody services, and staking.
“The UK's draft crypto regulations represent a meaningful step toward embracing a rules-based digital asset economy,” Dante Disparte, Chief Strategy Officer and Head of Global Policy at Circle, said. “By signaling a willingness to provide regulatory clarity, the UK is positioning itself as a safe harbor for responsible innovation.”
Disparte believes the proposed framework could provide the predictability needed to scale a responsible digital financial infrastructure in the UK.
Earlier, Vugar Usi Zade, Chief Operating Officer at crypto exchange Bitget, welcomed the regulatory push, stating that the new rules would bring positive momentum to the industry.
The final version of the regulatory framework is expected to be published in 2026.
Published 15 May 2025
© InstaFintech Group
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© InstaFintech Group
