UK finalises plans for regulation of ‘wild west’ crypto sector
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Bout time. If you want the sector to grow, institutions need clarity. Retail needs protection.
Just regulate the exchanges.
Restrictions of foreign companies selling into the UK could be atrocious. Need more details, but couldn’t this mean that UK retail could be shut out of any offshore exchanges?
I hope they get it right, and I hope folks across the pond pay attention. My biggest fear though is the large centralized governments have very different goals than most retail defi investors.
tldr; Implosion of FTX injects fresh urgency into the government’s pledge to impose order
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
I really hope they don’t screw this up – sensible regulations can provide clarity and give confidence to investors in the space. They need to regulate exchanges and such, not so much everyday use. I hope they don’t end up restricting the little guy and letting the scammers continue as before
*Wild west* Looking at their currency chart… I’d not use that word though.
This is a corrupt conservative government funded by the super rich.
This will not be good news for the little guy and I can guarantee it will be set up to enrich their donors even more