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Following the footsteps of Trump-led America, the UK is also setting out to bring crypto under compulsory regulations. The announcement was made by Finance Minister Rachel Reeves on Tuesday, and it also highlighted that UK lawmakers will work closely with the United States to make it a reality. This shows that the UK will focus on aligning with the US in terms of crypto rules rather than the European Union. As another step is taken to make the cryptocurrency ecosystem more regulatory-friendly, people are circling around to find the best crypto to buy now that could bring them gains after these laws are put into effect. All Exchanges, Dealers and Agents Will Be Brought Under Regulatory Parameter – Reeves Talking in a bit more length about this matter, Rachel Reeves said, “Under the new rules, crypto exchanges, dealers and agents will be brought into the regulatory perimeter – cracking down on bad actors while supporting legitimate innovation.” This act, according to Reeves, will create clear standards on transparency, operational resilience, and consumer protection. Not all individuals are in favor of these laws, however, such as Bank of England Governor Andrew Bailey, who continues to have an antagonistic view of Bitcoin and doesn’t consider it a store of value. Stablecoins, however, are getting more favour from even the skeptics. Critics have also come to express their discontent, stating that regulation could give people a false sense of security about the risks that crypto assets pose. Nick Price, Crypto Specialist at law firm Osborne Clarke, has countered the argument, stating that a “simple and straightforward approach to regulations could bring a high degree of stability and consumer protection.” While the risks associated with crypto will never be curtailed completely, the UK’s recent efforts show that it is willing to open its mind…

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Filed under: News - @ May 1, 2025 5:21 am