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October 31, 2023

UK Financial Regulators Introduce New Crypto Regulations to Keep Pace with EU

Natasha Fernandez
Written byNatasha FernandezWriter
Researched byNikos PapadopoulosResearcher

Financial regulators in the United Kingdom are planning to legislate new regulations for the crypto industry in the country. The UK Finance Ministry, along with the top financial regulator, is developing and implementing sweeping rules for regulating crypto assets. This move follows the European Union's deployment of the Markets in Crypto Assets (MiCA) regulation. The UK's approach is broadly in line with the EU. However, there are concerns that the UK risks being left behind in the emerging digital asset market if it fails to attract crypto businesses. In September, the UK's Financial Conduct Authority (FCA) announced a crackdown on illicit and non-compliant financial promotion, including crypto-focused memes. Investors are advised to do their due diligence before engaging in high-risk investments in Bitcoin, cryptocurrency, or digital assets.

UK Financial Regulators Introduce New Crypto Regulations to Keep Pace with EU
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Natasha Fernandez
Natasha Fernandez
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Natasha "CryptoQueen" Fernandez bridges the gap between blockchain buzz and casino charisma. From New Zealand's serene landscapes to the volatile world of crypto, she's making waves in the online gaming sphere. With CryptoCasinoRank, she paints a future where chips meet chains seamlessly.

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