Great Britain published a plan for regulating cryptocurrency trade and lending – Bits Media

The British government submitted for discussion of the cryptocurrency the vision of the future updated regulatory framework in the field of cryptocurrencies.

The published document says, that the country's financial regulators should develop a regime, which the covers all registered suppliers of cryptographic services and credit platforms. Goals: Form clear prudent consumer protection requirements, Provide transparent conditions for the release and disclosure of information about cryptoactives, contributing to the prevention of potential abuses.

Finance Minister Andrew Griffith (Andrew Griffith) stated, that his department hopes to achieve a "clear, effective and timely regulation, as well as active interaction with the industry. "

According to media reports, Representatives of the Binance cryptocurrency exchange have already agreed with the opinion of the regulator about, that the stable regulatory framework will stimulate innovation and form confidence, contributing to the long -term growth of the industry. His readiness for consultations with the Ministry of Finance on crypto regulation was confirmed by a member of the board of directors of the industry
self -regulatory organization Cryptouk Jan Taylor (Ian Taylor).

Last year, Cryptouk entered
In the inter -party parliamentary group of Great Britain (APPG), which began to study the opinions of all interested parties on the issue of supervision of digital assets.