The UK formally laid out crypto regulatory plans to rein in some of the reckless business practices that emerged over the past year and contributed to the demise of FTX. In a widely-anticipated industry consultation launched Tuesday, the government proposed a number of measures aimed at bringing regulation of crypto asset businesses in line with that of traditional financial firms. The regulatory move comes as crypto firms in both the U.K. and beyond are feeling the chill of a deep downturn known as “crypto winter.” UK Crypto Regulatory Plans to Target Financial Intermediaries Among the proposals unveiled Tuesday was a The post UK Lays Out Regulatory Plans for the Crypto Industry appeared first on Cryptoknowmics-Crypto News and Media Platform .
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