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Kraken CEO criticizes UK crypto regulation as too strict, UK and US may strengthen digital asset cooperation
Summary: According to Cointelegraph, Kraken CEO Arjun Sethi criticized the excessive regulatory requirements for cryptocurrency in the UK, stating that mandatory disclaimers and 'cooling-off periods' severely impact user experience and could lead to investors missing out on potential gains. Despite regulatory friction, the UK is gradually opening up to the crypto industry and seeking closer cooperation ...
According to Cointelegraph, Kraken CEO Arjun Sethi criticized the excessive regulatory requirements for cryptocurrency in the UK, stating that mandatory disclaimers and 'cooling-off periods' severely impact user experience and could lead to investors missing out on potential gains. Despite regulatory friction, the UK is gradually opening up to the crypto industry and seeking closer cooperation with the US. Former UK MP Lisa Cameron revealed that the UK and US may be developing a joint 'sandbox' project to coordinate the two countries' crypto markets. In addition, the Bank of England recently released a regulatory framework consultation paper on 'systemically important stablecoins,' indicating active legislative efforts in the crypto payment field.
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Link: Kraken CEO criticizes UK crypto regulation as too strict, UK and US may strengthen digital asset cooperation [Copy]
