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UK to Draft Crypto Regulations, Integrate Traditional Finance with Digital Assets by 2025

Nov 25, 2024, 12:05 PM

The UK government, led by Keir Starmer, plans to draft a regulatory framework for the crypto sector early next year, expediting the process to keep pace with developments in the US and Europe. The Economic Secretary to the Treasury announced that the UK will integrate traditional finance with cryptoassets by 2025, signaling a significant shift towards embracing digital assets.