Treasury consultation underlines UK ambition to onshore crypto industry - by Roeland Van der Stappen at MWEK Solutions Ltd with Jonny Fry and James Tylee

The UK Treasury's proposals are making a concerted effort to bring crypto asset activities onshore, at least to the extent that firms wish to market directly to UK customers. The UK also remains committed to driving the international regulatory agenda by shaping a baseline of global regulatory standards to mitigate regulatory arbitrage opportunities and ensure that customers are not driven to unregulated platforms. Whether the UK will establish itself as a global crypto hub will ultimately depend on the details of the crypto legislation, but keeping a strong international dimension will help. Full Article Here