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UK Asks Crypto Community To Weigh In On Regulation Proposals Following Brexit
Summary: The United Kingdom's finance policy department is asking the crypto community to weigh in on a series of proposals, according to an announcement on January 7. New Year's Eve marked the last day of freedom to work and live between the United Kingdom and other members of the European Union. The nation is trying to ...
The United Kingdom's finance policy department is asking the crypto community to weigh in on a series of proposals, according to an announcement on January 7.
New Year's Eve marked the last day of freedom to work and live between the United Kingdom and other members of the European Union. The nation is trying to establish how much the United Kingdom's crypto rules should fall in line with those of other nations.
"Due to the digital, decentralised and cross-border nature of stable tokens, the government and UK authorities are considering whether firms actively marketing to UK consumers should be required to have a UK establishment and be authorised in the UK," the announcement read.
One proposal under consideration is publishing a legal definition of stablecoins, which is not yet available in the UK. Responses to the consultation are due in by March 21.
By Emily Mason
Tags: Bitcoin,Brexit,Crypto,UK
Link: UK Asks Crypto Community To Weigh In On Regulation Proposals Following Brexit [Copy]
