England, to make a different crypto regulation from the European Union Brexitwill take the opportunity.
UK Secretary of the Treasury Andrew Griffith In an interview with CNBC, he made some statements referring to the UK’s departure from the European Union. Griffith said in a statement: “We have taken control of our rulebook, something the UK has not had for many years. Therefore, we have the ability to act agile and proportionally. I definitely want to make the most of this opportunity.”
UK and EU Will Follow Different Paths
EnglandConsultation period for proposed crypto regulation this year 30. April It will end in . With this regulation, the UK aims to create a safe jurisdiction for crypto-asset activities to take place, encourage innovation and provide clarity to firms on the planned regulatory framework.
European Union In , the situation is a little different. The European Union’s new regulatory proposals for crypto-asset markets are more detailed than the UK’s. The EU’s regulatory proposal focuses on stablecoins, central bank digital currencies (CBDC) and threats to financial stability and consumer protection.
Griffith, in the continuation of his statements to CNBC, United Kingdom He said that the new crypto laws will go hand in hand with traditional finance regulations. Griffith: “We want to see the same entity, the same transaction, arranged in the same way wherever possible. But there are some additional opportunities in the crypto-asset or distributed ledger space and we want to take advantage of it.”
British Prime Minister Rishi Altar, said last year that it wants to make the UK a global hub for crypto asset technology.
