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UK Treasury plans to bring crypto under mainstream financial regulation

Photo: Getty Images

Two month discussion to build on “UK regulatory approach to cryptoassets, stablecoins, and distributed ledger technology in financial markets” report published in April 2022.

The consultation launching today aims to protect consumers and ensure they can recover lost funds.

Discussions will center on key issues including decentralized finance (DeFi), sustainability, prudential requirements, data reporting, consumer protection, location policy, and operational resilience.

The Treasury said recent failures have exposed the structural vulnerability of some business