Great Britain Ready to Put Rules in Cryptos ?
Feb, 2023

Great Britain Ready to Put Rules in Cryptos ?

As we have written multiple times here, FTX has become the catalyst for regulatory authorities to intervene in the market and try to pull the ropes.


The last country that tries to do that is Great Britain, which is expected to pass a bill that will tight the frames and the rules for companies that offer trading and storing cryptos.


Large problems in the crypto sector are the non-transparent loans between crypto companies and the complete absence of any due diligence in the upcoming deals.


The mighty reason for all governments is the consumer protection, without any reduction in the technology use. This could become possible with activity control and more extended transparency that will be imposed.