On April 29, the Minister of Finance of Great Britain Rachel Reeves presented the plans of the “comprehensive regulatory system” aimed at making the country a global leader in digital assets.

Pursuant to the proposed provisions of the exchange of cryptocurrencies, dealers and agents will be regulated similarly to conventional financial companies, with requirements regarding transparency, consumer protection and operational resistance, treasury of the UK treasury he said In a statement published after Reeves’ comments.

Pursuant to the statement, the Act on services and financial markets 2000 (Cryptoastes) The order 2025 introduces six fresh regulated activities, including cryptographic trade, care and rate.

Instead of choosing a delicate regime similar to EU markets in cryptocurrencies (MICA), Great Britain uses the full weight of the regulation of securities for cryptography, According to to the British law firm Wiggin. This includes capital requirements, management standards, market abuse rules and the obligations to disclose information.

“The cryptocurrency regulation project in Great Britain is a significant step towards taking over on the principles of digital assets,” said Cointelegraph Dante Disparte, director of global policy in Circle.

“Signaling the desire to ensure regulatory transparency, Great Britain positions itself as a safe port for responsible innovations.”

Disparte added that the proposed framework may ensure the predictability needed to “scale responsible digital financial infrastructure in Great Britain.”

Related: Revolut doubles profits to USD 1.3 billion for users’ growth, cryptographic trade boom

The fresh principles of cryptocurrencies in Great Britain are “positive net”

Vugar USi Zada, Operational Director (COO) at Bitget Exchange, also expressed optimism about the fresh regulations, claiming that “this is positive” for the industry.

“I think that many companies have recently left or hesitated to enter Great Britain because they were not clear what activities, products and operations require FCA authorization. The companies finally receive clear definitions of” qualifying cryptocurrency assets “and know exactly which activities – survival, Custody, Staking or credits – Need FCA.”

In the case of exchanges, including Bitget, projects of British rules mean that they need full consent Financial Conduct Authority (FCA) to offer cryptographic, care and loan services to users of Great Britain.

Rules also give companies two years to adapt their systems, such as capital and reporting. “The mapping of each service line to a new circuit adds to compatibility, but this transparency allows us to plan products and invest in local infrastructure,” said Zade.

The fresh draft provisions will reclassify Stablecouins as securities, not as electronic money. This means that tokens supported by Great Britain must meet the prospectus and redemption protocols. Stablecouins from outside the UK can still circulate, but only through authorized places.

Zada claimed that the exclusion of Stablecoins from electronic cash regulations 2011 (EMRS), which keep them away from the E -Money sandbox, can leisurely down their utilize for payment.

However, Disparte, whose company is the USDC (USDC) Issuer, the second largest Stablecoin in the world by market capitalization, said that predictability is the key to supporting responsible growth in Great Britain.

“The most important is predictability: frames that allow companies to build, test and growing – without fear of arbitrary enforcement or changing gates. If you are made aware, it may mean a key moment in the British journey of digital assets.”

Related: UK regulator moves to limit loans for cryptographic investments

Great Britain to require FCA approval for foreign cryptographic companies

One of the biggest changes under the fresh project project is the territorial scope. Platforms from outside the UK serving British retail customers will need FCA authorization. The dismissal of “foreign people” is confined to some B2B relations, effectively raising the British retail market.

Krypto also enters the circuit. Liquid and delegated articular services must now register, and Solo Stakeers and suppliers of purely interface are released. The fresh care rules include each configuration that gives a unilateral party to transfer rights, including specific arrangements regarding loans and MPC (multifunctional calculations).

“Some definitions still require extension, but the direction is in the direction of efficient, adapted compliance, not a general restriction,” said Zade from Bitget.

He added that the wide definition of “stacking” may sweep in non -Central supplier’s default deficiency models. “Proposed restrictions on the purchase of a credit card – although aimed at using high risk – can weaken the participation in the retail start -ups of tokens,” he said.

In addition, Zada ​​said that the rules of banks segregation for customer assets can charge Lean Defi projects. “The final corrections of the rules will have to alleviate these side effects.”

FCA plans to publish the final principles of cryptocurrencies in 2026, creating the foundations for the British regulatory system. A road map to greater regulatory transparency in Great Britain may take place after the European Union, which in December began to implement its MiCI frames.

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