In December, a U.K. minister suggested FTX's failure had reinforced the need for urgent crypto regulation. Now, the government has unveiled its plans.
The proposals unveiled Tuesday would also enforce tougher transparency requirements on crypto exchanges to ensure they publish relevant disclosure documents and set out clear admission requirements for trading digital tokens.Coinbase shares to get cut nearly in half as retail traders shun crypto, Mizuho predicts
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." Nonetheless, even the simple display of being seen as taking action is important, according to some industry executives. Sawyer, who formerly co-founded British fintech firm Starling and led international expansion for crypto exchange Gemini, said it was also important to ensure "general alignment between global markets in terms of the approach to digital assets."
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Australian Regulator Had Internally Raised Concerns on FTXAustralian regulator asicmedia was reviewing some of the products offered by FTX_Official when the exchange went into administration. By amitoj.
Read more »
FTX Seeks to Remove Turkish Units From Bankruptcy Case.FTX_Officials's Turkish operations could be sealed off from U.S. bankruptcy proceedings - as authorities in Turkey aren't cooperating. jackschickler reports.
Read more »
UK regulator investigates charity linked to FTXThe fallout from the FTX collapse to reverberate. The commission regulating registered charities in England and Wales has begun investigating a charity linked to SBF's failed enterprise.
Read more »
Crypto-Focused VC Firm Pantera’s Liquid Token Fund Lost 80% in 2022Crypto-focused venture capital firm PanteraCapital said its liquid token fund took a huge 80% hit last year, losing nearly 23% in November alone following FTX’s collapse. BrandyBetz reports
Read more »
Law Firm Overseeing FTX Bankruptcy Could Make Hundreds of Millions of Dollars | CoinMarketCapcryptonews: A law firm that's playing an instrumental role in the FTX bankruptcy is set to make millions during the restructuring process, according to Bloomberg Law. 💸
Read more »