Jan. 31, 2023, 10:30 PM
The UK intends to regulate cryptoasset activities including trading, lending and custody under the same regime as traditional financial services.
The government is opening a consultation on a series of sweeping new rules for the crypto sector, the country’s Treasury department said in a statement on Tuesday. The proposed guidelines would include a requirement for exchanges to write detailed requirements on admission standards and disclosures for token issuers when listing new assets.
The plans would make crypto exchanges akin to multilateral trading facilities as operated by LMAX Group and TP ICAP — a type of trading venue for alternative assets …