26
Apr, 2023

New Rules for Cryptos in the UK ?

The United Kingdom authorities seem to make a constant effort to bring the crypto sector into a better formulated situation than before.

 

The new regime will be created through collaboration between crypto companies and regulatory authorities. This will bring the two sides in a more harmonic framework of cooperation between them.

 

The ultimate goal is to showcase the advantages of cryptocurrencies and how they can be useful in the investment crowd, without risk from the investors to lose all their money or lose them in a bad manner way.

 

The risks for losing cryptos were at $20 billion in 2022 and this number seems to increase year over year. In the previous regulations from FCA, 195 were forced to shut down in the UK while only 41 managed to take the license for providing crypto services.